Ladbrokes owner Entain flags regulatory headwinds for 2023

Published by
Reuters UK

(Reuters) -British gambling firm Entain on Thursday forecast some regulatory headwinds this year and reported a 13% rise in its annual profit, aided by strong betting during the FIFA World Cup and the National Football League. Gambling companies have benefited from betting shops reopening in the past year, but declining online revenue, stiffer regulation for online gambling in Britain and a cost-of-living crisis pose challenges for the industry. Entain, the owner of Ladbrokes, Coral and bwin, still reported underlying core earnings of 993 million pounds ($1.18 billion) for the year ended Dec. …

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