Cineworld Group PLC (LSE:LON:CINE) said it is in talks with a number of stakeholders to raise additional liquidity after warning that recent admission levels have been below expectations.
Shares collapsed 43% as the cinema operator said the lower levels of admissions are due to a limited film slate that is anticipated to continue until November 2022.
It said any initiatives to boost its balance sheet would probably result in very significant dilution of existing equity interests in Cineworld.
Entain (LON:ENT) hit by £17mln fine
Entain PLC (LSE:ENT) was top of the FTSE 100 fallers after news that the Ladbrokes (LON:LCL) and Coral owner had been given a hefty fine for its failures in social responsibility and anti-money laundering, according to a UK regulator.
Shares fell 3.48% to 1,358p after the UK Gambling Commission said the betting and gaming group will pay £17mln, for failures at its online business and land-based businesses.
"Our investigation revealed serious failures that have resulted in the largest enforcement outcome to date," said Andrew Rhodes, chief executive of the Gambling Commission.
Entain will pay £14mln related to its online business, LC International Ltd, which hosts 13 sites including ladbrokes.com, coral.co.uk, and foxybingo.com and £3mln relating to its Ladbrokes Betting & Gaming Ltd operation, which covers 2,746 gambling premises across the UK.
"The operator conducted just one chat interaction with an online customer who spent extended periods gambling overnight during an 18-month period in which they deposited £230,845," the commission explained.
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