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Entain plc ( (GB:ENT) ) has shared an announcement.
Entain plc has welcomed the New Zealand Government’s amendments to the Racing Industry Act 2020, which extend TAB New Zealand’s exclusivity to include online gambling, effective from June 28, 2025. This legislative change aims to prevent unlicensed offshore operators from offering wagering services to New Zealanders, ensuring that funds remain onshore to support the financial sustainability of the local racing and sports industry. As part of a 25-year strategic partnership with TAB New Zealand, Entain will make an additional NZ$100 million payment to support the implementation of these changes, further strengthening its commitment to the industry and enhancing the betting experience for New Zealand customers.
The most recent analyst rating on (GB:ENT) stock is a Hold with a £6.80 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 stock is moderately attractive, driven by strong technical momentum and positive corporate events. However, financial performance issues, specifically profitability challenges and leverage, significantly weigh down the score. The negative valuation further detracts from the overall attractiveness, despite a decent dividend yield. The company’s strategic initiatives and growth potential through BetMGM are promising, but financial health improvements are necessary for long-term confidence.
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 company owns a comprehensive portfolio of established sports and gaming brands, and operates in over 30 territories, exclusively 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: 2,535,937
Technical Sentiment Signal: Buy
Current Market Cap: £5.78B
See more insights into ENT stock on TipRanks’ Stock Analysis page.