Entain Plc·Consumer Cyclical

Entain PLC (LSE:ENT) could return more than half its current market value to shareholders in the form of dividends and buybacks by the end of the decade, according to a note from Shore Capital that points to a sharp rise in cash generation. The owner of Ladbrokes, Coral, Foxy Bingo and a 50% share of BetMGM is forecast to deliver a “step-change in cash generation", analyst Greg Johnson said, with £500 million targeted annually from 2028, driven by profit growth, contributions from BetMGM and the unwind of its deferred prosecution agreement.

Entain PLC's (LSE:ENT) first-quarter trading was described by broker Shore Capital as “encouraging”, with its core online business offset by weaker sports results. The betting and gaming group reported net gaming revenue excluding the US up 3% in the three months to March, with volumes rising 8% but hit by “unfavourable sports results”.

Entain Plc (GMVHY) Q1 2026 Sales/Trading Call Transcript

Ladbrokes and Foxy Bingo owner Entain PLC (LSE:ENT) reported steady first-quarter growth, with rising betting volumes offset by weaker sports margins. The group said net gaming revenue increased 3% in the three months to March, in line with expectations, supported by an 8% rise in volumes.

Entain PLC (LSE:ENT), the owner of bookmakers Ladbrokes and Coral, has a new chief financial officer with a clear agenda: tighten costs and convert more profits into cash. Michael Snape, who took the role on 6 March having previously served as group CFO at delivery company IDS and in senior finance positions at Boots and Tesco, has been meeting City analysts for the first time since his appointment.

Shares in Ladbrokes owner Entain PLC (LSE:ENT) led the FTSE 100 risers on Monday, leaping 8.4%, on the back of a Wall Street Journal report that legislation is being proposed that would essentially block betting on sports events on prediction market platforms such as Polymarket and Kalshi. Predictions markets have been increasingly encroaching on the traditional sports betting market in the past couple of years.
Entain PLC operates as a sports-betting and gaming company. The company provides online betting, casino, poker, and bingo services through mobile and web under the bwin; online and multi-channel betting under the Ladbrokes; street and online betting under the Coral; sports betting, casino, game, and poker under the Sportingbet; online bingo, sportsbook, casino, and poker access under the Betboo; and sports betting, poker, and casino games under the Crystalbet brands, as well as Gamebookers, a full-service sportsbook. It also offers software and technology for race book and sportsbook under the Stadium; online sports betting, casino, and gaming under the Eurobet; sports action and horse racing under the Neds; online bingo under the Gala Bingo; casino and live casino under the Gala Casino; virtual sports under the AGT brands, as well as partypoker, which provides online poker; PartyCasino that provides online casino; and Gala Spins, a gaming application. In addition, the company provides Foxy Bingo that provides online bingo; Foxy Games, which offers slot games, jackpots, and various table games; casino and live casino games under the Casino Las Vegas brand; playtech casino under the Casino King brand; Ladbrokes.be, a shop and newsagent outlet; Ladbrokes.com.au, an online betting site; online betting and gaming under the Optibet; online casino and betting under the NinjaCasino brand; gender-neutral mobile-first casino and bingo under the Laimz brand; online sports, casino, and poker under the BetMGM brand; online sports and gaming under the Borgata brand; and Danske Spil that provides online gaming. Further, it operates an online casino website for German-speaking markets under the CasinoClub brand; Gioco Digitale, a gaming site; and Cheeky Bingo, a bingo platform. Additionally, the company offers PMU that offers online poker; betting in the shop estates; and telephone betting services. Entain PLC was founded in 2004 and is headquartered in London, the United Kingdom.
Consumer Cyclical
Gambling, Resorts & Casinos
19,272
2005-03-08
0.76