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

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


Entain raises yearly online net video gaming growth forecast


Annual core profit projection exceeds market expectations


By Yamini Kalia


Aug 12 (Reuters) -


British gaming firm Entain anticipated its annual 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 an increase in interest in female sports," Entain CFO Rob Wood informed Reuters, adding that the current


Women's Euros


, where the British soccer team scored a historic win against world champs Spain, was the most bet-on women'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 income in the UK and Ireland, its largest market, came ahead of expectations with a 9% development at consistent currency for the six months ended June.


Total net video gaming revenue rose 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 likewise altered betting behaviour in recent years, Wood stated, as more people are wagering on gamer outcomes rather than 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 touchdown in the NFL," Wood said.


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


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


Annual core profit is anticipated 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)