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LONDON BRIEFING: Entain Picks First Woman CEO After Seeing Off MGM Bid
Thu, 21st Jan 2021 08:06
(Alliance News) - Ladbrokes owner Entain on Thursday reported a strong end to 2020 and said it has ongoing momentum entering the new year as it announced the appointment of a female chief executive.
Total group net gaming revenue increased 7% in the fourth quarter of 2020, with online growing 41% but retail hit by restrictions and shop closures.
For the full-year, Entain expects earnings before interest, taxes, depreciation and amortisation in a range of GBP825 million to GBP845 million, in line with its earnings guidance earlier in January.