The stakes surrounding Entain’s ferocious expansion have always been high — but when some markets are slowing from their Covid-era boom, they become even bigger.
The post-pandemic comedown has been harsher than expected. It also has coincided with a cost of living crisis and new affordability measures being put in place in Britain, which have sent punters elsewhere. Online gaming revenue is now expected to decline in the high single digits during the third quarter, once acquisitions are stripped out. For the year, guidance has worsened to a fall somewhere in the low single digits. A tighter handle on costs means that adjusted earnings before interest, taxes and other deductions is still expected at between £1 billion and £1.05 billion.
Next month Jette Nygaard-Andersen, the
