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Entain Set to Drop From FTSE100 to FTSE250 Index

Entain logoEntain
Sig1.55Sen-1.25Env0.00Soc0.00Gov0.00

City analysts expect Entain to be downgraded from the FTSE100 to the FTSE250 in the upcoming FTSE UK index review, citing a sustained valuation decline amid investor concern over higher UK and European gambling taxes. In H1, net gaming revenue rose 7% to £2.55bn, but underlying EBITDA fell 2% to £479.3m and operating profit dropped 10% to £318m, though EBITDA beat expectations.

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