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Entain plc ( (GB:ENT) ) has shared an update.
Entain plc has acknowledged the commencement of civil penalty proceedings by AUSTRAC, the Australian anti-money laundering regulator, against its Australian subsidiary, Entain Group Pty Ltd. The proceedings relate to alleged breaches of the Australian Anti-Money Laundering and Counter-Terrorism Financing Act 2006. Entain has been cooperating with AUSTRAC and has implemented a program to enhance its compliance systems, due for completion in June 2025. The outcome of these proceedings is uncertain, but any penalties could be significant, potentially impacting Entain’s operations and stakeholder relations.
More about Entain plc
Entain plc (LSE: ENT) is a prominent global sports betting and gaming group, operating both online and in retail sectors. The company boasts a diverse portfolio of established sports brands such as Ladbrokes, Coral, and bwin, as well as gaming brands like Partypoker and PartyCasino. Entain operates in over 30 territories, exclusively in regulated markets, and has a 50/50 joint venture with BetMGM in the US. Known for its commitment to ESG, Entain is a member of FTSE4Good and holds an AAA rating by MSCI.
YTD Price Performance: -15.79%
Average Trading Volume: 1,919,900
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £5.21B
See more insights into ENT stock on TipRanks’ Stock Analysis page.
