Entain (ENT.L, ENT LN)
Entain plc (previously known as GVC Holdings) is a global gambling operator offering gaming and sports betting products. It provides an online and retail proposition via leading brands such as Ladbrokes, Coral, bwin, Sportingbet and partypoker. It does so across three primary divisions: Online, UK Retail and European Retail. Entain also operates in the US through a joint venture with MGM Resorts, known as ROAR Digital, which uses the BetMGM brand for its sports betting and iGaming activities. In 2020, we estimate revenues were £3.7bn and EBITDA (post-IFRS 16) was c.£850m.
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