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.
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.
