Entain, owner of Ladbrokes and Bwin, has raised the lower end of its earnings guidance even as the betting company faces tighter regulation and difficulty maintaining growth driven by a surge in online gaming during 2020 lockdowns.
The company on Thursday narrowed its guidance for full-year earnings before interest, tax, depreciation and amortisation from between £850m to £900m to a range of £875m to £885m.
The betting group benefited from “strong growth” in all its markets online during 2021, except Germany where new gambling laws require players to adhere to limits on how much they deposit and stake in online