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

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


Entain raises yearly online net gaming earnings growth forecast


Annual core earnings forecast goes beyond market expectations


By Yamini Kalia


Aug 12 (Reuters) -


British gaming company Entain forecast its annual core earnings 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, including that the recent


Women's Euros


, where the British soccer team scored a historical win against world champs Spain, was the most 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 video gaming revenue rose 10% at consistent currency.


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


Individual player fandoms have actually likewise changed betting behaviour in the last few years, Wood stated, as more people are banking on gamer outcomes rather than team outcomes 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 first goal in the NFL," Wood said.


Entain recovered a stronger-than-expected market share throughout its core areas in the first half of the year, offsetting the difficult comparison of in 2015, which had actually been improved by the Euros tournament.


The company raised its annual 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 earnings 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)