The Capitalist: Next Pope odds, ChatGPT etiquette and miserable Brits April 24, 2025 Papal betting, ChatGPT etiquette and miserable Brits; catch up on the latest City gossip in this week's edition of The Capitalist.
Entain: Ladbrokes owner’s profit jumps thanks to online revenue growth March 6, 2025 British bookmaker Entain has reported a 12 per cent jump in annual profit as it returned to organic growth. The expansion was driven by online expansion and a better-than-expected performance at its UK and Ireland businesses. The Ladbrokes owner told the market on Thursday that earnings before interest, tax, deprecation and amortisation (EBITDA) rose 12 [...]
Entain shares drop as chief of Ladbrokes owner dramatically quits February 11, 2025 Ladbrokes’ owner Entain’s shares nosedived this morning after its chief executive quit following just five months in the job. The global sports betting giant said Gavin Isaacs had left the job “by mutual agreement” and with immediate effect. Reporting to markets this morning, Entain said its non-executive chair, Stella David, will take over the role until [...]
Shares in Ladbrokes owner Entain slump on money laundering investigation December 16, 2024 Entain shares fell nearly seven per cent this morning after the gambling giant was sued by Australian authorities over a failure to comply with anti-money laundering rules. The Australian Transaction Reports and Analysis Centre (Austrac) said on Monday that Entain’s Australian subsidiary failed to properly identify anti-money laundering risks in its first proceedings against an [...]
Entain upgrades guidance after boost from Euros and NFL October 17, 2024 Gambling group Entain has upgraded its guidance after popular sports matches helped it grow its gaming revenue and deliver a stronger than expected performance in the third quarter The owner of Ladbrokes and 888casino said total net gaming revenue (NGR) grew eight per cent in the three months to 30 September, including its 50 per [...]
Gambling stocks Flutter, Entain and Evoke nosedive on Budget tax fears October 14, 2024 Shares in British gambling firms plummeted on Monday morning after reports that the government was eyeing up £3bn tax rises on the sector in a move that one investment bank said would “all but wipe out bookmaker profitability in the UK”. William Hill-owner Evoke saw its share price crater by over 13 per cent in [...]
Entain: Paris Olympic bets doubled from Tokyo as time zone proves more convenient August 16, 2024 According to sports betting giant Entain, gamblers worldwide placed bets on the 2024 Olympics at double the rate of the Tokyo Games as the Paris time zone was apparently more convenient for punters. Across Entain’s brands, the men’s basketball final was the most popular betting event, with the showdown between the USA and France generating [...]
Entain: FTSE 100 giant’s strategy ‘bearing fruit’ as Ladbrokes owner’s loss narrows August 8, 2024 It comes ahead of the arrival of new chief Gavin Isaacs, who is set to join Entain in early September, while David will succeed as chair at the end of that month.
Entain: Shares tumble after US division predicts full year loss July 29, 2024 Entain's aggressive expansion in the US helped the gambling firm's American division to bring in over a billion dollars (£780m) of revenue in the first half of the year, as it ramps up marketing spend.
Entain shares drop: Ladbrokes owner hits record online punters before ‘significant’ UK regulation changes March 7, 2024 Ladbrokes owner Entain reported an uptick in EBITDA in 2023 but expects regulatory challenges next year