Last Thursday, Entain published its full-year accounts revealing the scars of a problematic 2023.
The long-awaited results of the LSE gambling group left no place for hiding as leadership declared corporate losses of £900m. Though Entain maintains that its dire 2023 results were down to legacy failings.
Yet under the bonnet accounts detailed across growing concerns across all markets including elements impacting its growth child BetMGM. This year will see a Capital Allocation Committee appointed to review the firms brand portfolio, funding and operating structures – as big decisions are needed to turnaround the performance and value.
Can a leaderless Entain claw back its Statues and investors trust, as news circulates of M&A vultures circulating the sick-man of Gambling Plcs…
This will be the topic on today’s episode of iGaming Daily, sponsored by Optimove, where Martyn Elliott is joined by SBC News’ Ted Menmuir.
