Women's Euros And Club World Cup Boost Ladbrokes Owner Entain's.

CFO states Women's Euros and Club World Cup boost online wagering


Entain raises yearly online net gaming profits growth forecast


Annual core revenue projection surpasses market expectations


By Yamini Kalia


Aug 12 (Reuters) -


British gaming firm Entain forecast its annual core earnings outlook above market expectations on Tuesday, driven by strong online betting momentum of the Women's Euros and the inaugural Club World Cup tournament.


"We're seeing an increase in interest in female sports," Entain CFO Rob Wood told Reuters, adding that the recent


Women's Euros


, where the British soccer group scored a historical win against world champs Spain, was the most bet-on ladies's Euros ever.


Entain saw record engagement during the Club World Cup


- the year's most bet-on football match - and the 2025 French Open, its most bet-on Grand Slam ever.


Entain's net gaming profits in the UK and Ireland, its biggest market, came ahead of expectations with a 9% development at consistent currency for the six months ended June.


Total net increased 10% at consistent currency.


Entain shares increased almost 3% on Tuesday, before paring gains to fall 0.5% lower by 0806 GMT.


Individual gamer fandoms have likewise changed betting behaviour recently, Wood stated, as more individuals are wagering on gamer outcomes rather than team results throughout matches.


"The most popular bets tend to be a combination of who's going to win the match, who's going to score the very first goal, or the very first goal in the NFL," Wood stated.


Entain recovered a stronger-than-expected market share across its core areas in the first half of the year, offsetting the tough contrast of in 2015, which had been increased by the Euros tournament.


The company raised its annual online net gaming profits growth to about 7% on a constant-currency basis, from previous expectations of a mid-single-digit percentage development.


Annual core revenue is expected between 1.10 billion and 1.15 billion pounds ($1.48 billion-$1.55 billion), above market expectations of 1.11 billion pounds.


($1 = 0.7440 pounds) (Reporting by Yamini Kalia and Unnamalai L in Bengaluru; Editing by Sherry Jacob-Phillips)