Entain, Rank, C&C can 'raise the bat' and rerate, suggests broker
Drawing on its cricket puns, Shore Capital has identified three leisure stocks that could hit a century in the near future. All can “Raise the bat'”, the broker suggests, “Be it £100 million of operating profit (Rank and C&C) or 100p of EPS (Entain).
Ladbrokes owner Entain's second half kicks off better than expected
British gambling group Entain said on Monday online revenue growth was running ahead of its expectations so far in the second half of its financial year, helped by betting on popular sports events.
Ladbrokes owner Entain says UK has returned to growth quicker than expected
Ladbrokes and Foxy Bingo owner Entain PLC (LSE:ENT) said online net gaming momentum has continued ahead of expectations in the third quarter. The FTSE 100-listed bookmaker also reported that year-on-year growth had returned to the online business in UK and Ireland, earlier than expected, across both gaming and sports betting, with its international divisions also said to have maintained positive trading.
Entain: Declines Should Be Bottoming
Entain Plc faces regulatory pressures in the UK, impacting revenues and EBITDA, but sees strong growth in Brazil and other international markets. Despite slowed growth, BetMGM's potential and upcoming state legalization in the US offer promising prospects, though losses continue due to scaling investments. Entain's valuation is attractive, trading below industry multiples, with significant potential from BetMGM and cost savings from Project Romer.
Entain's ‘surprisingly early return' to growth applauded by City analysts
Ladbrokes and BetMGM owner Entain plc's interims showed a “surprisingly early return to net gaming revenue growth”, said analysts at broker Shore Capital Markets. Shore Cap highlighted that online revenues returned to growth in the second quarter, exceeding earlier forecasts.
Entain's US venture BetMGM struggles to gain market share
Ladbrokes owner Entain PLC (LSE:ENT) tallied up a £55.7 million operating loss in its BetMGM US-based joint venture in the first half, extending the previous year's interim losses by £7.2 million. Entain has signposted 2024 as a year of investment in capturing market share in the US via BetMGM.
Entain results to come as US business drives share slump
Investors of Ladbrokes owner Entain PLC (LSE:ENT) will be hoping that its interims bring a better reaction than its update for BetMGM did on Monday. Shares in the betting group have dropped more than 11% since it revealed its US sportsbook would continue to be loss-making throughout the year despite increased investment.
Ladbrokes-owner Entain ramps up marketing spend in US
BetMGM, the US-based sports betting and gaming joint venture between Ladbrokes-owner Entain PLC (LSE:ENT) and MGM Resorts International (NYSE:MGM), brought in $1 billion worth of revenues in the first half of 2024, representing a 6% year-over-year increase. FTSE 100-listed Entain has increased its North American footprint considerably through the BetMGM venture, having captured 22% of the iGaming market share.
Ladbrokes owner Entain announces new chief executive
Ladbrokes owner Entain PLC (LSE:ENT) has appointed Gavin Isaacs as the betting group's new chief executive, to take the helm on 2 September in place of placeholder chief executive Stella David. Isaacs is a stalwart of the gaming industry, having held roles at lottery business Scientific Games Corporation, DraftKings and Australian gambling machine maker Aristocrat Technologies, among others.
Entain names Gavin Isaacs as CEO
Global sports betting and gaming group Entain said on Monday Gavin Isaacs will take over as chief executive officer effective Sept. 2.
Entain, Sainsbury's catch football fever as England faces Netherlands in Euro semis
Shares in Ladbrokes owner Entain PLC (LSE:ENT) and J Sainsbury PLC (LSE:SBRY) are higher in end-of-day exchanges. Could it be football fever?
Entain at risk of £100 million lawsuit over Turkish bribery case
Coral and Ladbrokes owner Entain PLC (LSE:ENT) could see its investors seek more than £100 million in compensation due to the corruption and bribery issues surrounding its former Turkish business. Fox Williams, the law firm, said it was readying to launch a large group litigation claim against the betting group for its "failure to report honestly" on the issues.
