Newspapers Of Pakistan

  • Entain to keep brand portfolio and core strengths, and North America focus, following review

News

POSITION:Newspapers Of Pakistan > News >

Entain to keep brand portfolio and core strengths, and North America focus, following review

Updated:2024-06-18 11:12    Views:81

Entain Plc has announced that the Capital Allocation Committee (CAC) has concluded the strategic review of the FTSE gambling group’s operating structures, global portfolio of brands, and funding.

Story continues below

Entain’s board appointed the Committee in January to undertake its review “with the objective of maximising shareholder value and reflecting the operational progress of the business,” as full-year 2023 results declared corporate losses totalling £900m [$1.1b].

The Committee’s strategic review concluded that“Entain has the appropriate portfolio of diversified strategic assets, brands, capabilities, and geographic footprint to ensure it is well positioned to deliver high-quality long-term growth.”

As such, the board of Entain is advised to continue to prioritise North American growth, which carries a ‘significant upside’ by focusing on organic growth of the BetMGM brand and enlarging its operating margins.



Related NewsRelated Articles

  • Crown Sydney Casino to Retain Li

    2024-06-18

    Crown Sydney has proven itself suitable for holding the license after three years of hard work. The authorities declared its business changed, and the company gained the license for its casino once ag...

  • ACMA Intensifies Crackdown on Il

    2024-06-18

    The Australian Communications and Media Authority (ACMA) has intensified its efforts to combat illegal gambling activities by requesting internet service providers (ISPs) to block more websites found ...

  • Victorian Government Developing

    2024-06-18

    The Allan Labor Government will take action to make sure Crown proceeds to lead its casino in Melbourne to elevated standards while decreasing the negative effects of gambling. This action will involv...

  • Celtics vs Pacers Same-Game Parl

    2024-06-18

    Photo By - USA TODAY Sports The Indiana Pacers are looking to avoid elimination in Game 4 of the Eastern Conference Finals against the Boston Celtics, and I'm using three Aaron Nesmith player props to...