Entain examines possible sale of overseas gambling brands: reports

Entain examines possible sale of overseas gambling brands: reports

Article brief provided by Reuters
  • Urvi Dugar and Radhika Anilkumar, Reuters
March 14, 2024 7:52 PM
  • Urvi Dugar and Radhika Anilkumar, Reuters

British gambling firm Entain has hired advisers to oversee the possible sale of several of its overseas brands, the Financial Times reported on Thursday.

Story continues below

These brands include Netherlands-based BetCity, which the gambling firm had bought last year, FT added.

The Netherlands last year proposed a plan for tighter deposit limits from the second quarter, which is expected to hit Entain’s annual revenue and profit, the company said earlier this month.

A local offshoot of Ladbrokes in Australia, Sweden-based Enlabs and Georgia-based CrystalBet are other brands that are not integrated into Entain’s main tech platform and under review, the report said.