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Entain and Flutter to report financial performance amid punter

Entain and Flutter Entertainment will both shed light on how they have fared after a string of player-friendly sports results and major events like the Super Bowl



Entain and Flutter Entertainment, two major gambling groups, are set to report their financial performance. Entain, owner of Ladbrokes and Coral, is expected to announce underlying earnings of around £1.1 billion, with shares rising as they anticipate strong full-year results. However, they faced a £59 million payout during the Detroit Lions' victory, leading to a warning on revenues. Additionally, Entain is seeking a new CEO following Gavin Isaacs' departure due to management conflicts and is recovering from a £585 million penalty from HMRC. Flutter, owner of Paddy Power and FanDuel, highlighted the NFL season as unusually favorable for bettors, the most punter-friendly in over two decades. Both companies are navigating the financial impacts of major sports events and internal leadership changes.

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