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Entain Lowers Annual Revenue Projections Following Online Gambling Restriction in Brazil

Published 1d ago

Covered in 2 countries

AI summary30s readNegative

Entain cut its annual financial guidance following the prohibition of online gambling in Brazil.

Gaming company Entain has reduced its financial forecasts for the year following regulatory restrictions on online wagering in Brazil. The Ladbrokes parent group adjusted its projected online net gaming revenue growth downward. This regulatory change in a major emerging market has directly impacted the company's fiscal outlook.

Entain revised its full-year online net gaming revenue growth expectations down to between 4% and 6%.
The adjustment comes as a direct consequence of new restrictions on internet wagering enforced in Brazil.

Written before 1 later update from the outlets covering this story.

By the numbers

4%online net gaming revenues outlook

6%online net gaming revenues outlook

Why it matters

Regulatory crackdowns on the digital gambling sector in key international markets frequently force major betting operators to recalibrate their financial guidance.

What outlets agree on

Entain has downgraded its financial outlook for online net gaming revenues due to regulatory restrictions on internet betting in Brazil.

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In this story

EntainBrazilLadbrokesRetail

Covered by 2 outlets

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