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 income growth projection


Annual core revenue projection surpasses market expectations


By Yamini Kalia


Aug 12 (Reuters) -


British betting firm Entain anticipated 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 told Reuters, including that the recent


Women's Euros


, where the team scored a historical win against world champs Spain, was the most bet-on females'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 revenue in the UK and Ireland, its biggest market, came ahead of expectations with a 9% development at constant currency for the six months ended June.


Total net gaming earnings increased 10% at continuous 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 wagering behaviour recently, Wood said, 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 objective, or the first touchdown in the NFL," Wood said.


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


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


Annual core profit is expected 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)