Entain plc Stock News
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London, Oct 02, 04:35 pm BST.
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Entain plc Stock News
Deutsche Bank has cut its price targets for Entain PLC (LSE:ENT) and Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT) due to Brazil's decision to ban online betting and gaming, although the bank argues that this measure may not become permanent. Entain, the betting and gaming group, saw its target reduced to 872p from 914p, although DB analyst Richard Stuber retained a 'buy' rating.
UK-listed shares Entain PLC (LSE:ENT), British American Tobacco PLC (LSE:BATS), ICG PLC (LSE:ICG) and Coca-Cola HBC AG (LSE:CCH) feature among Deutsche Bank's preferred European stocks for the fourth quarter. The broker highlighted catalysts ranging from online gaming growth and buybacks to cash generation and emerging-market consumer demand.
Entain PLC (LSE:ENT), the sports betting and gaming company, cut its 2026 online net gaming revenue growth forecast to 4% to 6% after Brazil moved to ban online gambling, while maintaining its £910 million to £960 million underlying EBITDA guidance. Jefferies said the ban effectively shuts Brazil's online market, with initial share-price reactions likely to precede a review of individual compan...
Entain said it expects to achieve the lower end of its earnings guidance ranges for this year after a new ban on online betting in Brazil.
Entain PLC (LSE:ENT) maintained its 2026 earnings guidance despite Brazil's immediate suspension of online sports betting and gaming. The Ladbrokes and Coral owner now expects performance to come in towards the lower end of its forecast ranges.
Ladbrokes owner Entain on Monday cut its online net gaming revenue growth forecast to 4% to 6% on a constant currency after Brazil's move to ban online sports betting and gaming.
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.
An Anthropic researcher has resigned over fears that unrestrained development of self-improving AI models will end up killing us all.
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