News | Latest Breaking News Stories & Headlines

Ladbrokes owner projects annual profit above market view

UK gambling firm Entain has today forecast its annual core profit outlook above market expectations, driven by strong online betting momentum of the Women's Euros and the inaugural Club World Cup tournament.

Business • 12 Aug

Entain's BetMGM boosts forecast on iGaming, online growth

Ladbrokes owner Entain said today BetMGM, its US sports-betting joint venture with MGM Resorts, raised its annual revenue and core earnings forecast, driven by strong growth in its iGaming and online sports divisions.

Business • 16 Jun

Entain said it was comfortable with market expectations for 2025 after a strong start to the year

Ladbrokes owner Entain's annual profit jumps 12%

British bookmaker Entain has today reported a 12% rise in annual adjusted core profit and said it was comfortable with market expectations for 2025, sending its shares up nearly 7% in early trading.

Business • 06 Mar

Entain said its CEO Gavin Isaacs will step down immediately

Ladbrokes owner Entain CEO Isaacs steps down

British bookmaker Entain has today announced the sudden departure of CEO Gavin Isaacs after just five months in the role, sending shares 12% lower.

Business • 11 Feb

Entain is the owner of brands including Ladbrokes and Coral

UK watchdog launches probe into KPMG's audit of Entain

Britain's accounting watchdog said today it has started an investigation into the audit conducted by KPMG of the financials of bookmaker Entain for the year ended December 2022.

Business • 20 Jan

Evoke's brands include William Hill, 888 and Mr Green

Bookmaker Evoke shares jump on upbeat profit view

British betting and gaming firm Evoke expects 2024 core profit ahead of market expectations and at the top end of its forecast range, helped by growth in its online business and favourable sports results in the fourth quarter.

Business • 17 Jan

Entain expects core profit for the year to be at the top end of its forecasts

Ladbrokes-owner forecasts profit at top end of range

British gambling group Entain said it expects core profit for 2024 to be at the top end of its forecast range, helped by operator friendly sports results during the fourth quarter despite unfavourable sporting results in the US.

Business • 13 Jan

The Australian Transaction Reports and Analysis Centre said the Entain Group failed to adequately oversee its anti-money laundering (AML) and counter-terrorism financing (CTF) programme

Aussie regulator sues Ladbrokes owner Entain

Australia's financial crime watchdog has launched legal proceedings against Ladbrokes owner Entain, alleging breaches of the country's anti-money laundering (AML) and counter-terrorism financing (CTF) laws by its online betting platforms.

Business • 16 Dec 24

Ladbrokes owner Entain is facing challenges from rising competition and regulatory scrutiny across several US states

Entain sees annual core profit at top end of forecast

British gambling group Entain said today it now expects annual core profit to be towards the top end of its earlier forecast of £1 billion to £1.1 billion, boosted by a strong third-quarter performance.

Business • 17 Oct 24

Shares of Paddy Power owner Flutter Entertainment fell in London trade today

Bookies drop on report of UK government mulling tax hikes

Shares in bookmakers Flutter Entertainmet, Evoke and Entain fell sharply today, after a media report that the UK government is considering a £3 billion tax hike for the gambling sector.

Business • 14 Oct 24

Entain owns the Ladbrokes, Coral and Partypoker brands

Ladbrokes owner Entain's H2 kicks off better than thought

British gambling group Entain said today its online revenue growth was running ahead of its expectations so far in the second half of its financial year, helped by betting on popular sports events.

Business • 09 Sep 24

Entain owns Ladbrokes, Coral and Partypoker

Ladbrokes owner Entain lifts annual forecast

British gambling group Entain has today raised its key annual forecast, encouraged by active punters cashing in on multiple high-profile football events in the second quarter.

Business • 08 Aug 24

Global sports betting and gaming group Entain has today named its new CEO

Betting group Entain names Gavin Isaacs as CEO

Global sports betting and gaming group Entain said today that Gavin Isaacs, former chief of US-based lottery games and betting firm Scientific Games Corp, has been appointed as its new CEO, effective September 2.

Business • 22 Jul 24

Entain posts online gaming revenue ahead of expectations

Entain has today posted first-quarter online gaming revenue ahead of expectation, helped by an increase in customers even as the British gambling group grappled with stiff competition and regulatory pressures in its main markets.

Business • 17 Apr 24

Entain said today it expects its core profit to fall by about £40m in 2024

Entain warns of hit to earnings from regulatory measures

Gambling group Entain said today that some regulatory measures in Britain and the Netherlands would hurt 2024 profits, sending its shares down more than 5% in early trading.

Business • 07 Mar 24

Entain did not specify a reason for CEO Nygaard-Andersen's resignation

Chief executive at Ladbrokes owner Entain resigns

Ladbrokes owner Entain's CEO Jette Nygaard-Andersen will step down immediately, the sports betting giant said today, following reports that some shareholders were unhappy with her leadership.

Business • 13 Dec 23

The Entain group owns the Labrokes and Coral betting shops

Ladbrokes-owner Entain lowers profit margin forecast

Ladbrokes-owner Entain has today lowered its online profit margin forecast for the year after it posted a drop in third-quarter gaming revenue, sending its shares down to a three-year low in early trade.

Business • 02 Nov 23

Gambling firm Entain owns the Ladbrokes and Coral betting shops

Ladbrokes owner Entain warns on online gaming revenue

Ladbrokes owner Entain has today warned on its online net gaming revenues for the third quarter and the full-year, as the UK gambling firm grapples with ongoing regulation in the industry, particularly in the UK, and slower growth in Australia and Italy.

Business • 25 Sep 23

Ladbrokes-owner Entain busy US-based Angstrom Sports as it looks to widen its footprint in the US

Entain to buy US-based Angstrom Sports for £122m

Ladbrokes-owner Entain has today agreed to acquire US-based Angstrom Sports for £122m as it looks to widen its footprint in the country.

Business • 17 Jul 23

The Ladbrokes chain of bookies is owned by Entain

Entain may face penalty from UK tax authority

Ladbrokes-owner Entain said today it was likely to incur a "substantial financial penalty" as part of an investigation by Britain's tax authority into issues including possible misconduct involving former third-party suppliers.

Business • 31 May 23

The proposals include the introduction of online stake limits between £2 and £15 while also forcing gambling firms to step up affordability checks on their customers

UK sets out tougher gambling rules for smartphone era

The British government has announced long-awaited proposals to crack down on problem gambling, aiming to bring regulations up to date with the rise in gambling online and on smartphones.

Business • 27 Apr 23

Entain said its online net gaming revenue rose 11% on constant currency for the three months ended March 31

Entain's net gaming revenue surges on robust demand

Ladbrokes-owner Entain has reported higher quarterly net gaming revenues, helped by acquisitions and a rise in the number of the British gambling firm's active customers.

Business • 18 Apr 23

Entain owns the Ladbrokes and Coral betting shops as well as bwin and partypoker online brands

Ladbrokes owner Entain buys sports media firm 365scores

UK gambling group Entain said today it has acquired sports media business 365scores for $150m in an attempt to improve its interactive content and experiences for customers.

Business • 05 Apr 23

Entain is the owner of Ladbrokes, Coral and bwin

Ladbrokes owner Entain flags 2023 regulatory headwinds

British gambling firm Entain has today forecast some regulatory headwinds this year and reported a 13% rise in its annual profit, aided by strong betting during the FIFA World Cup and the National Football League.

Business • 09 Mar 23

Entain had rejected a takeover approach worth roughly $11 billion from MGM back in 2021

Entain's shares tumble as MGM scraps buyout plan

Shares of Entain tumbled as much as 13% today after US-based MGM Resorts International said it had "moved on" from pursuing an offer for the British gambling firm.

Business • 09 Feb 23