Entain losses deepen as Budget gambling tax bites
Entain reported a wider annual loss due to the new UK gambling tax regime, despite growth in its core betting business.Summary
Entain experienced a significant increase in losses, reporting a £681m loss for 2025 compared to £461m the previous year, primarily attributed to a £488m impairment linked to the UK's new gambling tax increases announced in the November Budget. The company estimates the tax will add approximately £200m to annual costs. Despite this setback, Entain's net gaming revenue rose by three percent to £5.33bn, and CEO Stella David highlighted the company's strong underlying momentum. Entain anticipates earnings reductions of roughly £100m in 2026 and £150m annually from 2027, but aims to offset over half of the tax burden through cost savings. The joint venture BetMGM with MGM Resorts International showed strong performance, with revenue reaching $2.8bn, a 33% year-on-year increase, and delivering earnings of $220m. Entain expects to generate at least £500m in annual adjusted cashflow by 2028.
(Source：City A.m.)