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Entain Criticizes UK Gambling Tax Hikes

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Entain Criticizes UK Gambling Tax Hikes

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The latest announcement is out from Entain plc ( (GB:ENT) ).

Entain plc has expressed disappointment regarding the UK Government’s decision to increase gambling taxes, which the company believes will negatively impact the industry by making regulated operators less competitive compared to the black market. The tax changes are expected to cost Entain’s UK&I Online business approximately £200 million annually, with a mitigated EBITDA impact of £100 million in 2026. Despite these challenges, Entain remains focused on its strategic priorities and is well-positioned to absorb regulatory changes due to its diverse geographic footprint and strong market positions.

The most recent analyst rating on (GB:ENT) stock is a Hold with a £738.00 price target. To see the full list of analyst forecasts on Entain plc stock, see the GB:ENT Stock Forecast page.

Spark’s Take on GB:ENT Stock

According to Spark, TipRanks’ AI Analyst, GB:ENT is a Neutral.

Entain plc’s overall stock score is primarily impacted by its financial performance and technical analysis. The company shows strong revenue growth and cash flow management, but significant profitability challenges and high leverage pose risks. The technical indicators suggest bearish momentum, further weighing down the score. Valuation concerns due to negative earnings also contribute to the lower score.

To see Spark’s full report on GB:ENT stock, click here.

More about Entain plc

Entain plc is a FTSE100 company and one of the world’s largest sports betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands such as BetCity, bwin, Coral, and Ladbrokes, among others. It operates in over 30 territories and is the only global operator to exclusively operate in domestically regulated or regulating markets. Entain also has a 50/50 joint venture, BetMGM, in the US and is recognized for its leadership in ESG.

Average Trading Volume: 2,036,806

Technical Sentiment Signal: Sell

Current Market Cap: £4.78B

For an in-depth examination of ENT stock, go to TipRanks’ Overview page.

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