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

CFO says Women's Euros and Club World Cup boost online betting


Entain raises annual online net gaming earnings development projection


Annual core profit forecast exceeds market expectations


By Yamini Kalia


Aug 12 (Reuters) -


British betting firm Entain forecast 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 tournament.


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


Women's Euros


, where the British soccer group scored a historical win against world champions Spain, was the most bet-on females's Euros ever.


Entain saw 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 income 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 gaming income increased 10% at consistent currency.


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


Individual gamer fandoms have likewise altered wagering behaviour in the last few years, Wood stated, as more individuals are betting on gamer results instead of team outcomes throughout 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 stated.


Entain recovered a stronger-than-expected market share across its core areas in the very first half of the year, balancing out the tough contrast of in 2015, which had been improved by the Euros tournament.


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


Annual core revenue 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)