Iain Duncan Smith MP, the vice chair of the Gambling Related Harm All Party Parliamentary Group, said: "The greed of these companies, that derive vast profits from addicted gamblers, never ceases to amaze. However rival bookmaker William Hill opted to return £24.5m of furlough money in August 2020, citing the “strength of the post-lockdown recovery.” “Whilst the virus is still with us and the outlook, although improving, is still far from certain, the Board will continue to keep the situation under review.”Įntain is legally entitled to claim the money, and there is no suggestion that it did anything wrong in making the claim or retaining the money.
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In the first nine months of 2021 revenues grew 8%.Įntain is also well placed to benefit from the explosive growth of online betting in the US through its BetMGM joint venture.Ī spokesperson for Entain said: “The furlough scheme was a sensible and highly welcome policy intervention that helped us, as one of the country’s largest retailers, to maintain the livelihoods of more than 14,000 retail colleagues on full pay.
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This meant that despite lockdowns, Entain’s 2020 revenues were unchanged from the year before at £3.6bn, and it even managed to record a profit of £114m. Last April’s Grand National broke the record for the biggest online sports betting event in the UK. Its parent company, FTSE 100-listed gaming giant Entain, has a big online gambling business, and customers who couldn’t bet in shops during the dark days of lockdown flocked to websites and apps instead. One company stands out in the list – Ladbrokes, the UK’s largest operator of betting shops, with 2,845 premises branded Ladbrokes or Coral.įor though it had to close them for large parts of 20, it had a lifeline - online. The biggest claimers from the furlough scheme were mostly those for whom Covid lockdowns meant steep falls in revenue – airlines, pub companies, leisure groups, shops, restaurants and caterers.
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Entain said the money protected 14,000 jobs, and is “under review.”