Entain the global sports-betting and gaming group, today announces that it has entered into an agreement to sell a 20% interest in Entain Holdings (CEE) Ltd to its joint venture partner EMMA Capital.

Total cash consideration of approximately €425 million £366m comprising of €395m payable on completion, plus an additional payment in early 2027 to reflect FY26 financial performance

Implies an enterprise value for Entain CEE of €2.1 billion (£1.9bn¹) and c10x EBITDA multiple. Net proceeds will be used to reduce Entain’s outstanding debt.

Stella David, CEO of Entain, commented: “Our initial divestment is a decisive first step towards Entain fully exiting Entain CEE and reflects our ongoing focus on maximising value for shareholders. This enables us to unlock the value created by our Croatian and Polish businesses’ and demonstrates our robust capital allocation discipline.

Driven by structural growth across our globally scaled portfolio and our improving operational execution, I am confident in our ability to deliver strong future cash-generation. Entain remains well positioned to be a long-term industry winner.”