Entain shares have sunk by about 30 per cent since the start of the year, with sentiment being hit by an HM Revenue & Customs investigation into potential bribery issues at the Ladbrokes and Coral owner’s former Turkish operations. The company has also warned about struggling online net gaming revenue (NGR). A third-quarter trading update released at the start of November confirmed that online NGR was down by 6 per cent on a pro forma basis against the same period last year.

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