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

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


Entain raises annual online net video gaming income development projection


Annual core earnings projection goes beyond market expectations


By Yamini Kalia


Aug 12 (Reuters) -


British gaming company Entain anticipated its yearly core revenue outlook above market expectations on Tuesday, driven by strong online wagering momentum of the Women's Euros and the inaugural Club World Cup competition.


"We're seeing a rise in interest in female sports," Entain CFO Rob Wood told Reuters, including that the current


Women's Euros


, where the British soccer team scored a historical 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 expectations with a 9% growth at constant currency for the six months ended June.


Total net gaming revenue increased 10% at consistent currency.


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


Individual player fandoms have actually also altered wagering behaviour over the last few years, Wood said, as more people are banking on gamer results 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 very first goal, or the very first goal in the NFL," Wood stated.


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


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


Annual core profit is expected 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)