Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Leisure, gaming and gambling

Ladbrokes owner Entain blames slower growth on adverse sports results

Ladbrokes and Sportingbet owner Entain PLC (LSE:ENT) has kept its full-year outlook unchanged after growth slowed in the third quarter.

Total group net gaming revenue (NGR), including BetMGM, was up 6%, or 7% at constant currencies, slowing from the 10% constant currency growth in the first half of the year.

Roughly 1-2 percentage points' impact came from customer-friendly sports results in September.

This comes a day after Entain's 50%-owned US joint venture, BetMGM upgraded guidance, and three months after the FTSE 100 group upped its own targets for 2025.

For the full year it still expects approximately 7% online NGR growth on a constant currency basis, or growth in mid-single-digit percentage on a reported basis.

EBITDA of between £1.1 billion and £1.15 billion is also still predicted.

CEO Stella David said the transformation of the business was "continuing at pace", with still "more to do".

She hailed BetMGM's strong performance and that it expects to begin distributing cash to Entain and MGM later this year.

"With Entain becoming ever stronger and BetMGM growing profitably, we are increasingly confident in delivering consistent underlying growth and generating more than £0.5bn of annual cash from 2028."

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK