Entain (CEE operations) Revenue, Valuation, Funding & Investors

Entain (CEE operations) is valued at $2.1B as of June 2026, a 3.0x multiple on its last reported $703M revenue.

Last Entain (CEE operations) valuation

$2.1B

Secondary · Jun 2026

Entain (CEE operations) revenue

$703M

Secondary · Jun 2026

Key investors in Entain (CEE operations)

  • EMMA Capital

Entain (CEE operations) Overview

About Entain (CEE operations)

Entain (CEE operations), also known as Entain CEE, is a Central and Eastern European joint venture comprising two sports betting and gaming businesses: STS in Poland and SuperSport in Croatia. The combined businesses generated net gaming revenue of £522 million and EBITDA of £184 million in FY25, both up 7% year-over-year. Entain CEE is a joint venture between Entain plc, EMMA Capital, and the Juroszek family.


Status

Privately held

Customer focus

B2C

Revenue model

Services

Revenue

$703M (Jun 2026)

Valuation

$2.1B (Jun 2026)

Entain (CEE operations) Valuation

Entain (CEE operations) is currently valued at $2.1B, based on its secondary sale in June 2026.

The $425M round included EMMA Capital.

Entain (CEE operations) valuation by funding round

Entain (CEE operations) valuation by funding round
DateStageValuationRevenue Multiple
Jun 2026Secondary$2.1B3.0x

Entain (CEE operations) Revenue

Entain (CEE operations)'s latest recorded revenue is $703M, as of its secondary sale in June 2026. At a $2.1B valuation, that implies a 3.0x revenue multiple.

Entain (CEE operations) revenue by funding round

Entain (CEE operations) revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jun 2026$703M$2.1B3.0xSecondary

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Entain (CEE operations) Funding History

Entain (CEE operations) has 1 recorded secondary share sale and no primary funding rounds.

Entain (CEE operations) funding rounds

Entain (CEE operations) funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2026SecondaryEMMA Capital$425M$2.1BEntain plc agreed to sell a 20% stake in its Central and Eastern European joint venture, Entain CEE, to joint venture partner EMMA Capital for approximately €425 million, marking the first stage of a phased full exit from the business and a strategy to reduce debt. The transaction, valued at roughly €2.1 billion for the entire Entain CEE entity (equivalent to ~10x EBITDA), includes an initial payment of €395 million upon completion in Q4 2026, with an additional contingent payment in early 2027 based on FY26 financial performance. Upon completion, Entain's ownership will decrease from 67.5% to 47.5%, while EMMA Capital's stake will rise from 22.5% to 42.5%, with the Juroszek family retaining 10% but granting EMMA voting rights to secure majority control. Entain intends to use the net proceeds to reduce outstanding debt, generating estimated annualized interest savings of ~£20 million and targeting leverage below 3x EBITDA before returning excess capital to shareholders. Entain CEE comprises two operating businesses: STS in Poland and SuperSport in Croatia, which delivered FY25 net gaming revenue of £522 million (+7% YoY) and EBITDA of £184 million (+7% YoY). The deal is broadly neutral to EPS and adjusted cashflow, with completion pending regulatory approvals.

Who has invested in Entain (CEE operations)?

1 investor has backed Entain (CEE operations) across its funding rounds, including EMMA Capital.


Entain (CEE operations) Investors

Investors in Entain (CEE operations) by funding rounds participated
InvestorHQRoundsRoleFirst check

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Entain (CEE operations) Competitors

Entain (CEE operations) competitors include listed companies like Kangwon Land, TX Group, Ziff Davis and Monarch Casino & Resort, and private ones like hOp and ZigBang.

Public and private companies comparable to Entain (CEE operations)
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Kangwon LandSouth KoreaSouth KoreaPublicly listed$1.1B$330M$2.1B-
hOpUnited StatesAustin, TXPrivate$20M-$2.1B106.3x
TX GroupSwitzerlandSwitzerlandPublicly listed$1.1B$310M$2B2.1x
ZigBangSouth KoreaSeoulPrivate$80M-$2B25.4x
Ziff DavisUnited StatesUnited StatesPublicly listed$1.5B$335M$2B1.0x
Monarch Casino & ResortUnited StatesUnited StatesPublicly listed$545M$182M$2.2B3.7x

Entain (CEE operations) Public Comps

Entain (CEE operations) is still privately-owned, but its public comps include Kangwon Land, TX Group, Ziff Davis, Monarch Casino & Resort, AGTech Holdings, Visional, Lime, Bally's Intralot, PENN Entertainment and Genting.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Kangwon Land$1.1B$330M----
TX Group$1.1B$310M2.1x2.1x7.2x8.1x
Ziff Davis$1.5B$335M0.9x1.0x3.8x3.3x
Monarch Casino & Resort$545M$182M3.8x3.7x11.4x10.0x
AGTech Holdings$97M$15M12.3x-81.5x-
Visional$515M$157M3.3x2.6x10.8x9.3x
Lime$887M$87M2.2x-22.2x-
Bally's Intralot$597M$155M7.0x3.6x27.1x10.4x

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Common questions about Entain (CEE operations)

Is Entain (CEE operations) publicly listed?No, Entain (CEE operations) is a private, VC-backed company.
What is Entain (CEE operations)'s valuation?Entain (CEE operations) was last valued at $2.1B in its secondary sale in June 2026.
Who are Entain (CEE operations)'s investors?Entain (CEE operations)'s investors include EMMA Capital.
What is Entain (CEE operations)'s revenue?Entain (CEE operations)'s latest recorded revenue is $703M (June 2026).
What is Entain (CEE operations)'s revenue multiple?Entain (CEE operations)'s latest valuation implies a 3.0x revenue multiple ($2.1B valuation on $703M of revenue).
Which companies are comparable to Entain (CEE operations)?Companies comparable to Entain (CEE operations) include Kangwon Land, hOp, TX Group, ZigBang, Ziff Davis and Monarch Casino & Resort.

See companies similar to Entain (CEE operations)

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