Entain’s chairman, Barry Gibson, has been making concerted efforts to distance the current management of Entain from the previous management team at GVC. The narrative presented is one of a company making strides to move past its historical challenges.

Entain is set to provision a substantial £585m to cover the Deferred Prosecution Agreement with HMRC and the Crown Prosecution Service. This figure, as Gibson pointed out, is significant because it pertains to a business that was highly profitable for a long duration. He further mentioned that more details regarding this would be made public around mid-October when a statement of fact will be presented in court.

Gibson emphasized Entain’s commitment to operating solely in markets that are either “regulated or regulating”. He stated that if a market does not display a clear path to regulation, Entain’s approach would be to exit. This stance has been reinforced by recent regulatory advancements in Brazil, with CEO Jette Nygaard-Andersen expressing satisfaction over the passing of new regulations in the country.