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Entain and Flutter to report financial performance amid punter
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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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