Entain Plc (ENT.L)
| Previous close | 1,171.50 |
| Open | 1,177.00 |
| Bid | 1,206.50 x N/A |
| Ask | 1,208.00 x N/A |
| Day's range | 1,160.50 - 1,207.50 |
| 52-week range | 994.60 - 1,696.50 |
| Volume | |
| Avg. volume | 2,571,460 |
| Market cap | 7.104B |
| Beta (5Y monthly) | 1.20 |
| PE ratio (TTM) | 123.11 |
| EPS (TTM) | 9.80 |
| Earnings date | 09 Mar 2023 |
| Forward dividend & yield | 0.17 (1.26%) |
| Ex-dividend date | 18 Aug 2022 |
| 1y target est | 1,895.13 |
- Evening Standard
Ladbrokes owner focuses on acquiring, not being acquired
“We have our own strategy, we’re growing tremendously well,” CFO Rob Wood said
- Reuters
Ladbrokes owner Entain warns of lower 2023 margins, shares fall
(Reuters) -British gambling group Entain warned of lower core profit margins in 2023 as it exits unregulated markets and faces regulatory headwinds and higher costs for wages and energy in the United Kingdom. The shares fell nearly 5% by 0935 GMT, as the owner of Ladbrokes, Coral and bwin forecast core profit margins of about 26% for 2023, down from 2022, although still ahead of pre-pandemic levels. Gambling companies have benefited from betting shops reopening in the past year, but declining online revenue, stiffer regulation for online gambling in Britain and the Netherlands and a cost-of-living crisis pose challenges for the industry.
- Reuters
UK's Entain lifts profit outlook, sees BetMGM funding ending
(Reuters) -British gambling firm Entain raised its annual profit outlook on Wednesday and said it would end its financial support for BetMGM, the joint venture with MGM Resorts, once that business turns profitable. "Assuming no major changes to our environment and markets, we expect financial support for BetMGM to come to an end as we move to profitability in the U.S.," Entain CEO Jette Nygaard-Andersen told analysts. Shares of Entain rose as much as 3% on the day.
