Entain faces FTSE100 demotion to FTSE250 in quarterly review
City analysts expect Entain to be downgraded from the FTSE100 to the FTSE250 in the forthcoming quarterly review of the FTSE UK Index Series. The anticipated move follows a sustained decline in Entain’s valuation, with shares around 530p. Investors cite broader concerns for UK and European gambling operators amid higher taxes.