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Ladbrokes owner Entain pays back some furlough after protest
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Entain, the which owns Ladbrokes, is to repay ₤ 44m of the furlough cash it declared throughout the pandemic, but keep ₤ 57.5 m.
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Carolyn Harris MP called it "absolutely outrageous" that Entain was not repaying it all, regardless of soaring revenues.
The group made ₤ 393m in pre-tax revenue in 2021, up 125% on the year before.
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It stated the furlough scheme had assisted to secure 14,000 jobs, and a "more certain medium-term outlook" made the partial payment possible.
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Entain has around 3,000 wagering stores in the yohaig code UK branded Ladbrokes or Coral - which it had to close for large parts of 2020 and 2021 because of coronavirus constraints.
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However, punters did not stop wagering, they simply moved online. Entain's online company proliferated, and assisting to push the group's revenues up 8% last year.
In response to a BBC Newspaper article in January, MPs got in touch with Entain to repay the yohaig code money it had gotten under the furlough scheme, with previous Conservative leader Sir Iain Duncan Smith stating the business ought to "right away hand the cash back to the yohaig code UK taxpayer".
Entain has said previously that the situation was "under review". On Thursday, it revealed that it would return the ₤ 44m it declared in 2021, but keep the ₤ 57.5 m it declared in 2020.
Labour MP Carolyn Harris, chair of the Gambling Related Harm All Party Parliamentary Group, stated
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