Entain Stock News

The NFL season is expected to generate about $40 billion in legal wagers and event contracts, according to a new research report from Eilers & Krejcik Gaming. Sportsbooks are still raking in about 80% of the action, but prediction markets are taking advantage in states where sports betting is still illegal or inaccessible to commercial operators, the market researcher said.

Shore Capital sees 76% upside in Entain PLC (LSE:ENT) after the betting group delivered first-half earnings comfortably ahead of the broker's expectations, helped by accelerating online growth. The broker repeated its Buy recommendation, and 988p price target (current price: 560p) after group EBITDA came in at £574 million against its roughly £535 million forecast.

Entain PLC (LSE:ENT) continues to offer an awful lot of upside, about 66%, according to analysts at Deutsche Bank, who have repeated a Buy rating despite weakness in the BetMGM business, which was supposed to be a growth driver. BetMGM's second-quarter earnings fell short of expectations, reporting quarterly revenue of $711 million, up 3% year on year but slowing from 6% growth in the first qua...

Shares in Ladbrokes and Coral owner Entain PLC (LSE:ENT) and Grosvenor casino owner Rank Group PLC (LSE:RNK) fell after a report that slot machine shops and casinos could face a £460 million tax rise under a future Labour government led by Andy Burnham. According to the Guardian, the Social Market Foundation has proposed doubling machine games duty from 20% to 40% on higher-stakes Category B ma...

Ladbrokes owner Entain PLC (LSE:ENT) has taken the first step towards exiting its Central European business, agreeing to offload a 20% stake for £366 million in a deal that analysts said highlights the discount at which the gambling group trades. The FTSE 100 group, which currently owns 62.5% of Entain CEE, is selling the stake to joint venture partner EMMA Capital, reducing its holding to 47.5%.

Ladbrokes owner Entain ​said on ‌Thursday it has agreed ​to ​the first step ⁠in a ​phased exit ​from its Central and Eastern ​Europe ​business, selling a 20% ‌stake ⁠to partner EMMA Capital for ​about €425 ​million ($481.82 ⁠million) to ​cut debt.