Entain has exited over 140 markets as it looks to focus its efforts on fully regulated jurisdictions, according to a report.
The Financial Times says it has seen an internal document from the group’s compliance team outlining that Antarctica and Vatican City were among the territories on the list.
The Pitcairn Islands and the French Southern and Antarctic Lands were also on the list, the Financial Times said.
The document reportedly states that Entain officially exited over 100 markets on December 17, 2020, with more market exits being ratified between 2021 and 2023.
Nygaard-Andersen opens up on Entain exit
Elsewhere, former Entain CEO Jette Nygaard-Andersen has opened up further on her exit from the company.
She left with immediate effect in December in the wake of Entain’s deferred prosecution agreement with the Crown Prosecution Service in which it paid hundreds of millions of pounds to settle a bribery case over its legacy Turkish business.
Nygaard-Andersen also faced criticism for the M&A strategy employed under her tenure, including the £750m acquisition of Polish operator STS in June.
She said on LinkedIn: “They say what doesn’t kill you makes you stronger. There is enormous opportunity to innovate in the gaming industry. What has worked in the past will not always work in the present and this industry needs strategic thinkers and innovators that are passionate about doing the right thing for customers.
“That said, I am grateful that I have met and worked with some brilliant and talented individuals over the last four years that live and breathe this mindset.
“I am taking a break over this holiday period to decompress before deciding on my next executive opportunity.”
Entain’s head of M&A and corporate development Nicholas Bartram has also stepped down, with Ricky Sandler – CEO of key Entain investor Eminence Capital – securing a seat on the board.
