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 gaming revenue growth projection


Annual core earnings forecast exceeds market expectations


By Yamini Kalia


Aug 12 (Reuters) -


British gambling firm Entain forecast 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 tournament.


"We're seeing an increase in interest in female sports," Entain CFO Rob Wood told Reuters, including that the recent


Women's Euros


, where the British soccer team scored a historical win against world champions 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 largest market, came ahead of expectations with a 9% development at consistent currency for the 6 months ended June.


Total net video gaming profits increased 10% at constant currency.


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


Individual player fandoms have actually also altered wagering behaviour over the last few years, Wood said, as more people are banking on player outcomes rather than team results throughout 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 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, balancing out the tough comparison of last year, which had actually been increased by the Euros competition.


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 growth.


Annual core profit 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)