Entain's Deal to Sell Part of Central, Eastern Europe Unit Looks Positive
Dow Jones
Jun 26
1243 GMT - Entain's sale of a minority stake in its central and eastern European unit is likely to simplify its operations, Peel Hunt's Ivor Jones and Douglas Jack write in a note. The sports-betting and gambling group, which houses British gambling brands Ladbrokes and Coral, agreed to sell a 20% stake in the unit to joint-venture partner EMMA Capital for around 425 million euros in cash. While the move leads to a less diversified business, the analysts encourage the sale of other operations, including Entain's 50% stake in BetMGM. Entain shares are down 1.8% at 5.60 pounds. (najat.kantouar@wsj.com)
(END) Dow Jones Newswires
June 26, 2026 08:44 ET (12:44 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.