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Entain reviewing M&A activity amid reports of potential sales

Entain reviewing M&A activity amid reports of potential sales

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The Financial Times in London has reported that Entain has hired advisors to oversee the possible sale of several of its brands, including BetCity, Enlabs and CrystalBet, as well as a potential sale in Australia.

This news suggests that Entain may be investigating new ways to move forwards following a disappointing 2023, encapsulated by the £936.5m ($1.2bn) full year losses.

It is believed that this is a process of examination of options, and that disposals are not inevitable. However, it did follow reports that the group is working with Oakvale Capital, preparing the sale of its PartyPoker online poker card room.