Entain Share Discussion Threads

[bargainsniper] 18/4/2024 13:11

Yes i think so

[badger8888] 18/4/2024 10:33

Must have made a few bob last evening on the City result.

[bargainsniper] 18/4/2024 09:59

Yes and hopefully a great Euro 2024

[macarona] 17/4/2024 20:57

It is all about 2025 onwards, based on the investor call.

[bargainsniper] 17/4/2024 16:13

Https://igamingbusiness.com/finance/entain-analysis-brazil-and-nz-on-the-up-trouble-ahead-in-nl/

[bargainsniper] 17/4/2024 11:29

No more news yet on the CEO.One thing is, until the safe gambling measures are formally introduced in Q4 not everyone is on an equal playing field. So some other operators have more impact to come.

[bargainsniper] 17/4/2024 11:24

For example, they are seeing a step change where Angstrom has started to be implemented

[macarona] 17/4/2024 11:23

Any updates on a new CEO?

[bargainsniper] 17/4/2024 11:22

There was a lot more colour given in the call. It is too early to see the fruits of what was discussed in the results this time.

[the white house] 17/4/2024 11:01

BetMGM sports was flat @ 8m in Michigan and 18m for the Q in NJ. FanDuel made 200m in NJ in the Q up from 120m last year. DK 82m from 55m. They must have different customers from those at BetMGM who had 'customer friendly results'...Another questionable comment from yet another who has no industry background (& does not know the data) blind leading the blind, shameful, when will it end??

[bulltradept] 17/4/2024 11:01

A run it up, run it down kind of day so far..

[cheshiremoggie] 17/4/2024 10:18

I think expectations for ENT are now so low that any news that isn't a disaster is seen positively.If the company gets to the point of putting out some genuinely great news the share price will fly.Of course you have to have that great news....

[davius] 17/4/2024 09:18

From II:

Ladbrokes owner Entain said its first-quarter performance was in line with expectations, believing it was "successful" during the Super Bowl American football event and the March Madness college basketball tournament in the US. It said UK & Ireland net gaming revenue was lower on-year, however, and "customer-friendly win margins" kept a lid on the success at its BetMGM US joint-venture. Total net gaming revenue, including its 50% share of BetMGM, rose 3% on-year, or 6% at constant currency. UK & Ireland net gaming revenue fell 7% on both a reported and constant currency basis. "We continue to experience the effects of our regulatory implementation," Entain explained. In the US, BetMGM's first-quarter net gaming revenue rose 2% at constant currency, but fell 2% on a reported basis. Entain said: "Continuing iGaming strength [was] offset by customer-friendly win margins across online and retail sportsbooks; adjusting for impact of sports margin estimated Q1 NGR1 would have been high single digit positive." Interim Chief Executive Stella David said: "Our Q1 performance was in line with our expectations, with growth reflecting both strong performances in many of our markets as well as known challenges in others. We are particularly encouraged by the level of customer engagement in the US following a successful Super Bowl and March Madness, as well as our return to growth in Brazil following the changes we implemented. Overall, we are pleased with the progress being made against our plan to accelerate Entain's operational performance. There is still more to do, but the team is fully engaged in delivering operational improvements, product enhancements, as well as greater organisational agility and efficiency."

[davius] 17/4/2024 09:00

Not a bad call, 2% up...

[macarona] 17/4/2024 07:38

Really hard to see how USA will jump from 14% to 20% by 2026??
I am expecting a 5% drop today.

[deanowls] 17/4/2024 07:20

I used to be excited about the updates. Now it’s more trepidation.

[macarona] 17/4/2024 07:17

Really uninspiring update..

[bargainsniper] 17/4/2024 07:11

Nothing mentioned about search for CEO

[bargainsniper] 16/4/2024 20:10

US Capital group increase above 15%

[mylands] 16/4/2024 10:27

badger

I wouldn't bet on it in these markets!

[badger8888] 16/4/2024 09:59

You could be right tomorrow morning!

[mylands] 16/4/2024 09:46

I will keep my big mouth shut before making pronouncements like we have broken through the £8 barrier as I did a few days ago!

[davius] 15/4/2024 12:21

20 dirt-cheap British stocks experts say could make you a fortune

6) ENTAIN (FTSE100)
A tightening of the regulations governing the gambling industry has weighed heavily on the share price of sports betting and gaming company Entain. The shares have fallen 37 and 48 per cent over the past one and two years, respectively – not helped by delays over the appointment of a permanent chief executive since Jette Nygaard-Andersen departed in December.

The company embraces a host of brands, such as Coral, Foxy Bingo and Ladbrokes. Yet, according to Matt Britzman, equity analyst at wealth manager Hargreaves Lansdown, the doom is overdone.

'Entain's market valuation fails to acknowledge its opportunities,' he says. 'From a low base and with growth areas to invest in, it won't take much to reignite its share price.' Its shares stand at £8.23.

[badger8888] 15/4/2024 09:06

I wonder will there be news on the appointment of a new CEO on Wednesday?

[italianofacile] 15/4/2024 06:44

Paddy Power.

PP
Paul Binfield said: "Corach Rambler saved us over £5 million and, despite the winner being backed early doors and going off joint-favourite, he became a better result as the day went on. The bookies have enjoyed a decent result