Owner of Ladbrokes and Coral, Entain, has begun reviewing all of its brands, which could mean that, following a challenging year, some of the most well-known betting brands could go up for sale.
Entain suffered a massive £878 million loss, primarily as a result of one-off items. The largest of those involved the resolution of an ongoing bribery case involving an executive team that left the company and a Turkish subsidiary that has since closed. Although underlying profits increased to £1 billion, Entain's implementation of new, safer gambling regulations in the UK preceded that of many competitors.
Entain suffered a massive £878 million loss, primarily as a result of one-off items. The largest of those involved the resolution of an ongoing bribery case involving an executive team that left the company and a Turkish subsidiary that has since closed. Although underlying profits increased to £1 billion, Entain's implementation of new, safer gambling regulations in the UK preceded that of many competitors.