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 video gaming income growth forecast


Annual core revenue projection goes beyond market expectations


By Yamini Kalia


Aug 12 (Reuters) -


British gaming company Entain anticipated 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 competition.


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


Women's Euros


, where the British soccer team scored a historic win against world champions Spain, was the most bet-on ladies's Euros ever.


Entain saw record engagement throughout 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 largest market, came ahead of with a 9% growth at consistent currency for the 6 months ended June.


Total net video gaming income increased 10% at constant currency.


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


Individual player fandoms have also changed betting behaviour over the last few years, Wood said, as more individuals are betting on player outcomes instead of group outcomes during matches.


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


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


The business raised its yearly online net gaming revenue development to about 7% on a constant-currency basis, from previous expectations of a mid-single-digit portion development.


Annual core profit is anticipated in 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)