Incorrect. Entain is a listed multinational whose priorities are and always will be margin, profit, and shareholder return. Racing is actually the least profitable product they operate. Because it isn’t delivering the returns they expected, they’re now doing what every global wagering giant does, cutting costs, trimming fat, and making the product cheaper to run.
This is why you’ll see a major push in the next twelve months toward centralising tracks, reducing dates, reducing staff, and stripping racing back to the bare minimum. It’s not because they “love the sport” it’s because consolidation lowers overheads.
Entains long term aim is simple. Shift their focus to high margin products sports betting and, soon enough, online casino games and let racing shrink into a small supporting act. It will be smaller, cheaper, and far less important to their bottom line.
Whether racing thrives or dies isn’t a concern for them. Right now it’s an expensive, low margin pimple on a global balance sheet, and they’ll keep pruning until it stops hurting the numbers.