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Updated · MarketWatch · Apr 30Entain shares fall 2.30% and underperform the market
7 articles · Updated · MarketWatch · Apr 30
- The stock closed at £5.44 on Thursday as the FTSE 100 rose 1.62% to 10,378.82 in a broadly positive UK trading session.
- Entain ended 47.30% below its 52-week high of £10.32, reached on 29 July, highlighting the scale of its longer-term decline.
- Trading volume was 2.1 million shares, below the 50-day average of 3.1 million, suggesting relatively lighter investor activity during the drop.
With its stock plummeting from legal woes, how can Entain promise a £2 billion shareholder return by the decade's end? Should Entain sell its profitable US BetMGM stake to fix its UK problems, or is that sacrificing future growth? Are the UK's soaring gambling taxes and strict rules unintentionally destroying the legal market and fueling a black market boom?