Entain Group welcomes double-digit profit spike

British betting operator Entain has seen its share price rise 7% as the company posted a 12% increase in its annual adjusted core profit on Thursday (Mar. 6). 

The parent company of heavyweight brands such as Ladbrokes, Coral, and BetMGM set out a positive outlook on market expectations for the upcoming year on the back of some recent troubles for the firm. 

Last month, after just five months in the role, Entain’s CEO Gavin Isaacs quit his role. 

On February 11, the company stated he was leaving “by mutual agreement”, and that was followed by the resignation of Lachlan Fitt, Entain’s Deputy CEO. 

The turnover at executive level comes amid ongoing legal pressure from Australia’s financial intelligence agency (Austrac). 

Since late 2024, Entain has been embroiled in a money laundering probe, with Austrac taking the company to federal courts over alleged “non-compliance with anti-money laundering and counter-terrorism financing laws.” 

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