The owner of Ladbrokes could follow rival gambling group Flutter to list in New York.
In what would be another blow to the London stock market, an Entain insider said a move may have to be considered at some point in the future.
The company, whose chief executive Gavin Isaacs was ousted three weeks ago after just five months, is expanding
rapidly in the US where its BetMGM joint venture with MGM Resorts is expected to turn a profit this year.
Entain believes it will rake in earnings of close to £400million in the coming years.
‘We’re very focused on BetMGM,’ said deputy chief executive Rob Wood, adding there was scope to expand further in states such as Texas and California.
Threat: Entain, whose chief exec Gavin Isaacs (pictured) was ousted three weeks ago after just five months, is expanding rapidly in the US
When asked about listing in New York, the company refused to comment. But an insider said: ‘You have to consider everything.’
However, a second source played down such a move given its presence in the UK, which is still its biggest market and includes the Coral bookmaking business and Ladbrokes.
‘We have more reason to be here than Flutter,’ the source said. ‘We can’t rule it out. But it’s not under active consideration.’
Betfair and Paddy Power owner Flutter switched its main listing to New York last year to focus on the US – where its Fanduel arm is one of biggest online betting and fantasy sports platforms.
A similar move by Entain would be yet another blow to the City following the departure of other London-listed companies including mining giant BHP, travel group Tui and building materials firm CRH.
Oil giant Shell and miner Glencore are looking at shifting their main listings from London to New York while Rio Tinto is under pressure to head to Sydney.
Entain reported a 12 per cent rise in annual profits to £1.1billion. The Grand National was its biggest pull in terms of bets placed.
However, a second source played down such a move given its presence in the UK, which is still its biggest market and includes the Coral bookmaking business and Ladbrokes.
‘We have more reason to be here than Flutter,’ the source said. ‘We can’t rule it out. But it’s not under active consideration.’
Betfair and Paddy Power owner Flutter switched its main listing to New York last year to focus on the US – where its Fanduel arm is one of biggest online betting and fantasy sports platforms.
A similar move by Entain would be yet another blow to the City following the departure of other London-listed companies including mining giant BHP, travel group Tui and building materials firm CRH.
Oil giant Shell and miner Glencore are looking at shifting their main listings from London to New York while Rio Tinto is under pressure to head to Sydney.
Entain reported a 12 per cent rise in annual profits to £1.1billion. The Grand National was its biggest pull in terms of bets placed.
The American football Super Bowl last month was second, with more than 2m bets placed on the event that drew hundreds of millions of viewers across the world.
But company executives remained tight-lipped on plans to replace Isaacs, with chairman Stella David in the role on an interim basis. One said that the decision for Isaacs to leave was ‘taken together’.
The American football Super Bowl last month was second, with more than 2m bets placed on the event that drew hundreds of millions of viewers across the world.
But company executives remained tight-lipped on plans to replace Isaacs, with chairman Stella David in the role on an interim basis. One said that the decision for Isaacs to leave was ‘taken together’.
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