Entain Reports Wider Annual Loss After UK Gambling Tax Hikes
Entain reported a 680.5 million pound annual loss after a non-cash impairment charge. The firm cited UK gambling tax hikes as the driver for the wider loss.
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Entain Plc, the parent company of major betting brands including Ladbrokes and Coral, has reported a widening annual loss following a significant non-cash impairment charge. The group disclosed a loss after tax of 680.5 million pounds for the fiscal year ending in December, compared to a 461 million pound loss recorded the previous year.
