Coral ditches Cheltenham Festival as Reeves tax rises on gambling bite Sport Business Betting giant Coral has ditched the Cheltenham Festival after over 50 years due to government taxes on gambling. Duty on UK horse racing wagers was exempted from Chancellor Rachel Reeves’ Budget last autumn but taxes on remote sports betting will be hiked from 15 per cent to 25 per cent in 2027. Coral’s parent firm [...]
Ladbrokes and Coral owner files copyright claim against matched betting rival firms Legal Entain, the owner of Ladbrokes and Coral, has filed an intellectual property lawsuit against two of the largest matched betting companies, OddsMonkey and Outplayed. The claim, filed with the English High Court by law firm Wiggin, alleges unauthorised use of its brand logos and copyrighted materials, with Entain describing the matched betting business model as [...]
Entain: US Open set to be most bet-on grand slam ever Sport Business Betting on tennis is soaring with the US Open at Flushing Meadows set to be the most bet-on grand slam in history. Ladbrokes, Coral and BetMGM owner Entain is forecasting the coming major, which begins in New York later today, to smash betting records across tennis. The racket sport has climbed into the top two [...]
Entain cashes in as BetMGM partnership pays off August 12, 2025 Gambling giant Entain has posted first-half year results ahead of expectations, driven by a strong recovery in its online division and an accelerating performance from its US joint venture, BetMGM. The FTSE 100 operator behind brands like Ladbrokes and Coral reported its total Group Net Gaming Revenue (NGR), including its 50 per cent share of [...]
Ladbrokes owner Entain appoints new top boss April 29, 2025 Ladbrokes and Coral owner Entain has named Stella David as its permanent chief executive, effective immediately. David, who had twice served as interim CEO, steps into the role on a full-time basis as the company seeks to ‘stabilise leadership and accelerate strategic growth’. Pierre Bouchut, interim chair of the global sports betting and gaming group, [...]
CPS offers pleas to Entain suspects ahead of charging decisions October 4, 2024 The Crown Prosecution Service (CPS) offers pleas discussions with suspects from Entain as it gears up to make charging decisions by end of the year