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Entain Estimates £25 Mln Annual Cost From UK Tax Hike, Maintains FY26 Guidance

By Reuters News

Oct 28 (Reuters) - Entain PLC ENT.L:

  • ENTAIN PLC - STATEMENT REGARDING UK GAMBLING TAX INCREASES

  • ENTAIN - ESTIMATES £25 MILLION ANNUALISED ADDITIONAL COST TO UK&I RETAIL BUSINESS

  • ENTAIN - FY26 GUIDANCE AND £500 MILLION ANNUAL ADJUSTED CASHFLOW IN 2028 REMAIN UNCHANGED

  • ENTAIN: "DISAPPOINTED" BY UK GOVERNMENT'S DECISION TO INCREASE TAX BURDEN ON AN "ALREADY HIGHLY TAXED INDUSTRY"

  • ENTAIN: WILL CONTINUE TO TAKE DECISIVE ACTIONS TO NAVIGATE AND MITIGATE IMPACT OF THESE ADDITIONAL TAXES

  • ENTAIN: EXPECTS TO BE ABLE TO FULLY MITIGATE IMPACT OF LATEST TAX INCREASE BY END OF 2028

Further company coverage: ENT.L

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