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

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


Entain raises yearly online net gaming income development forecast


Annual core earnings market expectations


By Yamini Kalia


Aug 12 (Reuters) -


British gaming firm Entain anticipated its yearly 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 tournament.


"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 champs Spain, was the most bet-on women's 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 video gaming earnings in the UK and Ireland, its biggest market, came ahead of expectations with a 9% growth at continuous currency for the six months ended June.


Total net gaming profits increased 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 changed betting behaviour in current 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 combination of who's going to win the match, who's going to score the first objective, or the first touchdown in the NFL," Wood said.


Entain recovered a stronger-than-expected market share throughout its core regions in the very first half of the year, balancing out the hard comparison of in 2015, which had been boosted by the Euros tournament.


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


Annual core profit is expected 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)