Entain cuts its online net gaming revenue growth forecast to 4-6% due to Brazil banning online sports betting and gaming
According to CNA Business, Entain, the Ladbrokes owner, cut its online net gaming revenue growth forecast to 4% to 6% on a constant currency basis after Brazil banned online sports betting and gaming. The move reflects the impact of Brazil's ban on Entain's forecast.
Key facts
- 01Entain is the company cutting its forecast.
- 02The forecast for online net gaming revenue growth is 4% to 6%.
- 03The trigger is Brazil's ban on online sports betting and gaming.
- 04The announcement date is September 28.
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Sources
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