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

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


Entain raises annual online net video gaming profits growth projection


Annual core profit forecast surpasses market expectations


By Yamini Kalia


Aug 12 (Reuters) -


British gambling firm Entain anticipated its yearly core profit outlook above market expectations on Tuesday, driven by strong online wagering momentum of the Women's Euros and the World Cup competition.


"We're seeing a rise in interest in female sports," Entain CFO Rob Wood told Reuters, adding 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 video gaming earnings in the UK and Ireland, its largest market, came ahead of expectations with a 9% growth at consistent currency for the six months ended June.


Total net video gaming earnings rose 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 also altered betting behaviour over the last few years, Wood said, as more individuals are banking on gamer results instead of group results 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 goal, or the first goal in the NFL," Wood said.


Entain recuperated a stronger-than-expected market share across its core regions in the very first half of the year, balancing out the hard comparison of in 2015, which had been enhanced by the Euros competition.


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


Annual core revenue 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)