Entain’s ascent was predicated on its ability to capitalise on the rewards to be reaped by expanding in a newly liberalised sports betting market in the US. An anticipated slowdown in growth caused by punters having less cash to squander has caused a decline in the gambling giant’s shares over the past 12 months. Yet trading thus far indicates that the owner of Ladbrokes and Coral remains on track to hit more enduring growth targets.
Guidance for earnings before taxes and other charges has been reiterated at £925 million to £975 million this year, which would be 5 per cent to 10 per cent higher than last year. That is despite net gaming revenue being flat during the third quarter compared with last year as
