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 annual online net gaming earnings growth forecast


Annual core profit projection goes beyond market expectations


By Yamini Kalia


Aug 12 (Reuters) -


British gambling company Entain forecast its yearly 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 tournament.


"We're seeing a rise in interest in female sports," Entain CFO Rob Wood informed Reuters, adding that the current


Women's Euros


, where the British soccer group scored a historical win against world champs Spain, was the most 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 income in the UK and Ireland, its biggest market, came ahead of expectations with a 9% growth at constant currency for the 6 months ended June.


Total net gaming earnings rose 10% at constant currency.


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


Individual gamer fandoms have likewise changed wagering behaviour over the last few years, Wood said, as more individuals are betting on player results instead of team outcomes 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 very first goal, or the first goal in the NFL," Wood said.


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


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