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Ladbrokes owner Entain cuts revenue outlook after Brazil online betting ban
The FTSE 250 owner said earnings will land at the lower end of guidance as Brazil’s ban threatens about 5% of online revenue.
- On Monday, Entain cut its online net gaming revenue growth forecast to 4% to 6% after Brazilian President Luiz Inacio Lula da Silva signed an executive order banning online sports betting and gaming.
- Entain expressed disappointment with Silva's sudden decision, stating the order was issued "without consultation of industry stakeholders regarding its significant adverse consequences" to the newly legal framework.
- The firm forecasts 2026 underlying core profit at the lower end of £910 million to £960 million, with Brazil contributing only "modest" earnings due to a "challenging and highly competitive operating environment."
- Entain confirmed it will comply with the provisional ban, which must secure congressional approval within 120 days to become permanent legislation in Brazil.
- Separately, the group launched a consultation on job cuts across 11 countries, including at Coral, as it works to "address the impact of the UK's increased gambling taxes.
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Evening Standard+5 Reposted by 5 other sources
Entain reveals impact from Brazil online gambling ban
The group has downgraded its full-year online net gaming revenues outlook to between 4% and 6%.
·London, United Kingdom
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Ladbrokes owner Entain cuts revenue outlook after Brazil online betting ban
·London, United Kingdom
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The announcement that the Brazilian government is introducing a ban on online gambling, among other things, is hitting the Swedish gambling company Better Collective. The company is now adjusting its full-year forecast for 2026–28 downwards and canceling a previously launched share buyback program. The background is that the Brazilian government and President Lula da Silva have chosen to introduce a provisional measure ahead of the country's pre…
Coverage Details
Total News Sources13
Leaning Left3Leaning Right1Center6Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 30%
C 60%
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