Entain reportedly exploring sale of PartyPoker

It has been reported that Entain is consulting with bankers Oakvale Capital regarding the possibility of selling its PartyPoker division.

PartyPoker is not a core business of Entain, which recently acquired Polish operator STS for £750 million in a deal that was finalized last summer.


Industry sources estimate that PartyPoker could fetch £150 million at auction.


Recent results from Entain revealed a significant loss, which was exacerbated by the company's settlement with the Crown Prosecution Service regarding its historical Turkish business.
 

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