Tag: $Entain

Ladbrokes-owner Entain (ENT.L), said on Thursday it had agreed to sell ​a 20% stake in its Central ‌and Eastern Europe business to partner EMMA Capital for €425 million ($482 million), marking the first ​step in a phased exit aimed ​at reducing debt.

The UK government decided to increase duties on remote gaming and gambling as part of its autumn budget on Wednesday, a decision that “disappointed” both Flutter Entertainment and Entain.

U.S. sports betting platform BetMGM said on Monday that its losses for the year would be bigger than previously expected as it invests heavily in marketing amid intense competition in the industry.

Entain shares rose Monday after a report by The Times said several U.S. private-equity companies have shown interest in acquiring the U.K. betting company’s brands.

The online sports betting platform BetMGM is teaming up with X, the social media site formerly known as Twitter.