Ladbrokes owner Entain slashes outlook for online revenues

The company said it was speeding up its transformation plans

  • September 25, 2023
The group said that over the year as a whole, it expects online net gaming revenues to be down by a “low single digit per cent”

Entain, the gambling group which owns Coral and Ladbrokes, has slashed its full-year outlook for online gaming revenues after worse-than-expected recent trading. The company said it was ramping up its overhaul efforts.

Shares in the group fell 7 per cent as it said online net gaming revenues had been softer than it had predicted since the summer as sporting results went in favour of punters as well as a drag from online safer gambling measures, ...