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Entain Plc
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Entain PLC (LSE:ENT) shares climbed 3.4% to 582p on Tuesday after Deutsche Bank flagged that a proposed acquisition of MGM Resorts by People Inc, the renamed IAC, could have positive read-across implications for the FTSE 100 gambling group. People Inc, chaired by media executive Barry Diller, has proposed a $48.30 per share cash offer for MGM Resorts International, the Las Vegas-based casino and hospitality giant.
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.
Monday's share price surge for Entain PLC (LSE:ENT) and Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT) reflects genuine relief at the Wall Street Journal's report of bipartisan Senate legislation. But a bill is not a business model, and the forces driving prediction market growth remain intact.
