Entain Plc stands by its full-year guidance for 2024 as the FTSE 100 gambling group monitors the financial updates of competitors. This morning, Entain reiterated its confidence in achieving the upgraded guidance issued on 17 October, targeting group-wide EBITDA at the top range of £1,040m-£1,090m. The update follows last week’s announcement by rival Flutter Entertainment, which cut its annual revenue …
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Entain to keep brand portfolio and core strengths following CAC review
Entain Plc has announced that the Capital Allocation Committee (CAC) has concluded the strategic review of the FTSE gambling group’s operating structures, global portfolio of brands, and funding. Entain’s board appointed the Committee in January to undertake its review “with the objective of maximising shareholder value and reflecting the operational progress of the business,” as full-year 2023 results declared corporate …
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