Entain Share Price (ENT)

BoDs asleep at the wheel

Entain plc (LSE: ENT), the global sports betting and gaming group, announces the following board committee composition changes with immediate effect:

Amanda Brown is appointed as Chair of the Remuneration Committee and a member of the People and Governance Committee. David Satz is appointed as Chair of the Sustainability and Compliance Committee. Virgina McDowell will continue as a member of the Remuneration Committee and the Sustainability and Compliance Committee.

Meanwhile: Moody's on Monday lowered Entain’s (ENT.L) outlook to negative from stable, while affirming its corporate family rating at Ba1 and probability of default rating at Ba1-PD.

The rating agency said the outlook revision is based on its expectations that the betting and gaming company will not meet the Ba1 leverage guidance due to additional debt as well as board changes and the departure of Chief Executive Officer Jette Nygaard-Andersen.

Far more concerning than the indolence displayed by the Entain BoD is the declining, now third placed position, of BetMGM in the USA. Flutter (FanDuel) and DraftKings (share price up 95% in 12 months) are now the two leaders and breaking away from the "also rans". The competition in the USA is about to get even hotter. ESPNbet and a company called Fanatics are apparently geared up to enter the market and are very well funded. When they throw that funding into their marketing effort some existing participants will get damaged.

No reason to buy here, only holding on for a bid (which could be a bad bet).

AceofClubs

In corals for past 2 hours

I've seen more staff than customers

They can't be making any money when you factor in electric rent and staff

And they have tons of shops around the country all the same no customers

Someone need to ask at next earning call what the profit margins are and ask them to close the unprofitable shops

Outgoing Chair Barry Gibson had 5.36% votes against him. Just as well he's going. More worrying is new Board member Ron Kramer has 15.34% vote against him. Hardly a strong endorsement. Wonder what the shareholders who voted against him know and should we be worried? Not impressed by Virginia McDowell 4.13% votes against either. This Board really needs to step up to gain shareholder confidence. A new CEO with relevant experience and a good reputation and from outside the company would be a start. Wish they would live up to their fiduciary responsibilities.

I work in retail gambling most shops are empty

Retail revenues down 7% year on year every companies retail is down

I'd love to know which shops are profitable

Have a look at the ladbrokes and corals In your area and see if their full