8legs: Entain

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#1 out of 2

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#2 out of 2

Entain ends 52-year Coral Cup sponsorship at Cheltenham Festival due to higher betting taxes.
The Coral Cup will lose its name and backers, moving away from Ladies’ Day at Cheltenham.
Sponsorship end linked to Budget changes, not just racing performance.
Cheltenham organizers seek a new backer to replace the Coral Cup sponsorship.
Entain expects a financial hit from tax rises, influencing sponsorship decisions.
The Coral Cup is a two mile five furlong handicap hurdle on Cheltenham’s second festival day.
Bookmakers face customer safety and regulatory costs amid broader gambling advertising shifts.
Industry notes a broader decline in licensed betting advertising vs illegal operators.
Stakeholders react to the tax changes amid political criticism of Labour’s budgeting.
Official statements defend the Budget's aim to create a fair, modern, and sustainable tax system.

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