Ladbrokes owner Entain PLC (LSE:ENT) reported a fall in UK and Irish revenues over the first quarter due to tougher gambling restrictions.
UK online net gaming revenue slipped 9% while retail revenue fell 6% over the three months to March, Entain reported on Wednesday.
“We continue to experience the effects of our regulatory implementation,” the firm said.
This includes the likes of stake limits on bets, introduced under the government’s gambling white paper last year.
Group revenue increased by 6% over the quarter, with growth recorded in Entain’s central and eastern European wing as well as international business.
BetMGM, Entertain’s North American business, generated a 2% increase in revenue, as the Super Bowl and March Madness helped boost customer numbers.
“Our first quarter performance was in line with our expectations, with growth reflecting both strong performances in many of our markets as well as known challenges in others,” interim boss Stella David commented.
Shares were flat at 811.4p.