Gambling giant Entain has seen its share price fall by over 20 per cent over the last year, as its legal problems continue to cause a headache for the group.
“Entain has been on a losing streak for some time,” Dan Coatsworth, investment analyst at AJ Bell, told City AM, namely “dealing with a bribery investigation and allegations that it overpaid for acquisitions which haven’t lived up to expectations.”
The London-listed group behind Coral and Ladbrokes caused a media frenzy in November 2023 when the Crown Prosecution Service (CPS) entered into a deferred prosecution agreement (DPA) with the group to settle a HMRC investigation.
