Ladbrokes and Coral owner Entain has launched a review of all its brands, raising the possibility that some of the biggest names in betting could be put up for sale, after a “difficult year”.
Entain swung to a huge £878 million loss, mostly due to one-off items. The biggest of those was its settlement of a long-running bribery case related to a since-closed Turkish subsidiary and executives that are no longer with the firm. Underlying profits were stronger, rising to £1 billion, but were held back by new safer gambling rules in the UK, which Entain implemented before many rivals.
