Entain PLC concluded the day trading ￡6.00 below its 52-week high of ￡15.97, a peak attained on 26 January, just 11 months ago.

The trading volume for the day stood at 818,524 shares, marking quite a significant deviation from its 50-day average volume of 4.5 million, with a shortfall of 3.6 million/ Shares of Entain PLC (ENT) have experienced a dip of 0.86 percent, settling at ￡9.96. This decline occurred within the context of a generally lacklustre trading session across the stock market, where the FTSE 100 Index (UKX) slipped 0.03 percent, closing at 7,722.74.

Company background

Despite the recent turbulence experienced by the company following the departure of CEO Jette Nygaard-Andersen, Entain plc still stands as a prominent global player in the sports betting and gaming sectors, with a diversified presence in both online and retail sectors.

The company boasts an extensive portfolio of brands, encompassing renowned sports entities such as BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet, Sports Interaction, and SuperSport.

In the gaming arena, Entain’s influence extends through brands like Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker, and PartyCasino. Beyond its rich brand portfolio, Entain holds proprietary technology across all core product verticals, serving both business-to-consumer (B2C) and business-to-business (B2B) operations.

The company’s diverse services include catering to third-party customers, and it operates Angstrom Sports, specializing in cutting-edge sports modeling, forecasting, and data analytics. Furthermore, Entain’s 50/50 joint venture powers BetMGM, a leading force in sports betting and iGaming in the United States, showcasing the company’s innovation in technology and gaming products on a global scale.

As the sole global operator exclusively operating domestically regulated markets across more than 40 territories, Entain holds tax residency in the UK. Renowned for its commitment to environmental, social, and governance (ESG) principles, Entain has secured membership in prestigious groups such as FTSE4Good and the Dow Jones Sustainability Indices (DJSI), earning an AA rating from MSCI. Notably, the company has established a science-based target, vowing to achieve carbon neutrality by 2035.

Entain, through the Entain Foundation, actively supports various initiatives. These encompass promoting safer gambling practices, championing grassroots sports, advocating for diversity in technology and contributing to community projects.

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