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Entain to pay £17m after failing to meet rules on safer and crime-free gambling

Gambling group Entain is to pay £17 million for social responsibility and anti-money laundering failures in the Gambling Commission’s largest ever enforcement action. Entain Group will pay £14 million for failures at its online business LC ...

17 Aug 2022 at 19:49

City

Entain hopes to ride out cost crisis as hard-up punters stay at home more

The finance boss of Ladbrokes and Coral owner Entain has said the group may be one of the “lucky ones” amid the cost-of-living crisis thanks to punters choosing to stay home more to save cash. Rob Wood, chief financial officer and deputy ...

11 Aug 2022 at 13:49

City

Entain flags worries over consumer outlook as it posts higher earnings

Ladbrokes and Coral owner Entain has posted a 17% hike in half-year earnings, but cautioned it was “not immune” to the cutback in consumer spending amid the cost-of-living crisis. The group – which also owns bwin and partypoker online ...

11 Aug 2022 at 09:02

City

Betting giants Entain and Flutter to reveal impact of cost crunch on customers

Two of the UK’s biggest gambling firms are set to disclose the impact of more cautious UK punters, as household spending comes under pressure from turmoil in the economy. Investors of Ladbrokes owner Entain and Paddy Power’s parent ...

05 Aug 2022 at 16:41

City

Ladbrokes owner to pay back some furlough cash as profits soar

The gambling giant behind Ladbrokes and Coral has said that it plans to repay about £44 million to the Government that it claimed to keep its staff on furlough last year. Entain said that the furlough scheme had helped it keep its ...

03 Mar 2022 at 11:25

City

Betting giant Entain set for online slowdown after pandemic boom

The owner of Ladbrokes and Coral is expected to report a slowdown in online growth as the end of lockdown punctures the at-home gambling boom which has boosted profits in the last two years. Entain, the online and high street ...

01 Apr 2022 at 16:55

City

Ladbrokes owner boosted by high street bookies amid online slowdown

Betting giant Entain has hailed a “strong start” to 2022 as rebounding sales from its high street bookies offset an online slowdown as pandemic restrictions relaxed. The Ladbrokes and Coral owner said net gaming revenue ...

07 Apr 2022 at 09:25

City

Entain sees betting shop gambling bounce-back, but reveals online sales fall

Ladbrokes and Coral owner Entain has seen trading in its betting shops rebound close to pre-pandemic levels, but revealed online gambling revenues fell for the first time in over five years. The group said online net ...

20 Jan 2022 at 11:25

City

Ladbrokes claimed £102m from furlough scheme despite roaring online trade

Bookmaker Ladbrokes claimed nearly £102 million from the furlough scheme, despite seeing soaring sales in online bets during the pandemic. According to accounts published on Companies House, the company made claims ...

07 Jan 2022 at 11:55

City

Ladbrokes owner Entain buys sport media firm 365scores

Gambling giant Entain has snapped up sports media firm 365scores in a deal worth up to £128 million. Entain, which owns betting brands Ladbrokes and Coral, said the acquisition is aimed at improving its ...

05 Apr 2023 at 11:43

City

Ladbrokes owner to post lower margins amid regulatory headwinds

The gambling giant behind Ladbrokes and Coral has said it expects profit margins to be lower this year in the face of regulatory headwinds. Entain, which also owns Bwin, saw shares slide on Thursday ...

09 Mar 2023 at 13:00

City

FTSE slips as banks lead fallers after NatWest boss resigns

The FTSE 100 took a step back on Wednesday as banking firms saw their shares dented by the fallout from the row over the closure of Nigel Farage’s Coutts account. NatWest Group was the index’s ...

27 Jul 2023 at 09:08

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