These are busy times at Entain. The gambling group behind Ladbrokes and Sportingbet is searching for a new chief executive plus a couple of additional non-executive directors (one of which is likely to be named imminently) and has begun a review of its markets, brands and products.
Its review is being conducted by a recently formed “capital allocation committee”, set up to “help to focus the organisation, improve competitive positions in core markets and maximise shareholder value”. In short, the company is doing a spot of weeding out of non-core businesses.
Nobody at Entain will say what is being weeded out, but most of the chatter points to a sale of a bunch of businesses that, through geography, type of gambling or brand, no longer
