Join our community of smart investors

DraftKings target Entain yet to answer £100m question

Board of bookmaker still undecided on furlough repayment
DraftKings target Entain yet to answer £100m question
  • FTSE 100 firm is one of the largest UK-listed furlough claimants
  • Key sector rivals either did not claim or refunded payments

The board of Entain (ENT) is yet to decide whether to return around £100m in furlough support to the taxpayer, the Investors’ Chronicle has learned, despite a step-change in the bookmaker’s profitability in the past year that culminated in last month’s $25bn (£18.4bn) potential bid for the group.

To continue reading...
Join our Community of Smart Investors
  • Independent full-length company analysis
  • Actionable investment ideas and recommendations
  • Expert investment tools and data
  • Stock screens from Algy Hall
Have an account? Sign in