Entain cash flow shift could unlock £2bn returns, says Shore Capital

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.