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

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


Entain raises yearly online net gaming revenue development projection


Annual core earnings projection surpasses market expectations


By Yamini Kalia


Aug 12 (Reuters) -


British gambling firm Entain anticipated its annual core profit 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 a rise in interest in female sports," Entain CFO Rob Wood informed Reuters, adding that the recent


Women's Euros


, where the British soccer group 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 expectations with a 9% development at constant currency for the six 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 gamer fandoms have actually also altered betting behaviour recently, Wood stated, as more people are banking on player outcomes instead of group results during matches.


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


Entain recovered a share across its core regions in the first half of the year, balancing out the difficult comparison of in 2015, which had been increased by the Euros competition.


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