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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
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Leisure, gaming and gambling

Entain results to come as US business drives share slump

Investors of Ladbrokes owner Entain PLC (LSE:ENT) will be hoping that its interims bring a better reaction than its update for BetMGM did on Monday.

Shares in the betting group have dropped more than 11% since it revealed its US sportsbook would continue to be loss-making throughout the year even with increased investment.

Despite having captured close to 22% of the iGaming market in the US, BetMGM is expected to experience more losses as it ups marketing to improve its position in iGaming, a move that it will fund directly through debt.

Entain will issue company-wide interim results on Thursday 8 August in its last scheduled update before incoming chief executive Gavin Isaacs takes the helm in September.

Isaacs is a stalwart of the gaming industry, having held roles at lottery business Scientific Games Corporation, DraftKings and Australian gambling machine maker Aristocrat Technologies, among others.

Before Isaacs can stamp his mark, analysts at Jefferies are expecting the group to report net gaming revenue growth of -2%, with divisional estimates of minus 7% in the UK & Ireland, flat in the rest of the world and up by 14% in central and eastern Europe.

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