by Richard Hill
1 min read
1 min read

Entain Explores Sale Options After 2023 Losses

The Financial Times reported that Entain is thinking about making some big changes after losing a lot of money in 2023. They might sell off some of their brands and consider selling their business in Australia.
Entain Logo

The Financial Times reported that Entain has initiated a review of strategic moves, possibly including the sale of several of its casino and betting brands:

  • BetCity,
  • Enlabs, and
  • CrystalBet.

This happened after a tough 2023 for the company. They lost a lot of money, around £936.5 million ($1.2 billion).

This decision comes right after news about the company working with Oakvale Capital to get ready to possibly sell PartyPoker, their online poker site.

While Betsson AB expands by acquiring new brands in Europe and launching new ones, such as obtaining an online betting license in France and launching a casino in Serbia, as well as acquiring a casino and a provider in the Netherlands from Holland Gaming Technology, including the Goldruncasino.nl casino, Entain is considering selling its brands to improve its financial performance.

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