Entain's Share Price Heading South

[JJ Flash 2,466]

Entain share price hits lowest point since August 2020

Entain's share price has tumbled, currently standing below £8.00 ($10.11), a stark contrast to its peak of £22.10 in September 2021.

By Gambling Insider

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This substantial decline has attracted the attention of financial circles, raising questions about the factors contributing to the company’s downward spiral; it is the lowest share price since August 2020.

Formerly known as GVC Holdings, Entain has faced several challenges of late, with a notable blow being the hefty £585m fine for its conduct in Turkey.

Other factors that have caused investors to question the financial decision-making of the company and the capability of CEO Jette Nygaard-Andersen include Entain's acquisition of STS Holdings for £750m.

Elsewhere, it also acquired 365Scores in April and Angstrom Sports in July.  

Analysts and investors are closely monitoring the seemingly ever-changing situation as the share price continues to plummet. The abrupt fall prompts concerns about the company’s stability and the potential consequences for shareholders.

As investment firms scrutinise Entain's current situation, they are likely seeking clarity on how the company plans to address these challenges and whether there are strategies in place to mitigate potential risks.

Moreover, speculation is surfacing about Entain’s future, particularly in light of reports suggesting MGM Resorts International may consider a bid for BetMGM. This bid would focus on acquiring the BetMGM joint venture, rather than the entirety of Entain.

Clear communication from Entain's leadership regarding its plans and initiatives may play a crucial role in rebuilding investor confidence and stabilising the company's share price.

[shaneMcAlister 1,467]

Just back to pre covid level.  Probably a fairer valuation.

[Pak Star 1,084]

Interesting, and on the face of it looks bad on paper BUT it seems to be par for the course with "entertainment stocks" at the moment?  Coincidentally Draftkings is also back to exact same share price it was on August 2020 despite USA sports betting riding a nice wave of popularity.  

[JJ Flash 2,466]

9 hours ago, Pakaraka Star said:

Interesting, and on the face of it looks bad on paper BUT it seems to be par for the course with "entertainment stocks" at the moment?  Coincidentally Draftkings is also back to exact same share price it was on August 2020 despite USA sports betting riding a nice wave of popularity.  

The thing with US market is that as they deregulated all the players paid up to secure market share .Some paid way above the odds and its now reflected in share price, Draft kings included