Flutter and Entain warn that Brazil's online betting ban could dent their annual results.
According to CNA Business, Flutter Entertainment and Entain warned that Brazil's ban on online sports betting and gaming could dent their annual results if upheld, with Flutter citing potential revenue and profit impacts and Entain outlining its own growth expectations amid the ban. The measures add to regulatory pressures on a market that only began fully regulating online betting in January 2025.
Key facts
- 01Flutter said a ban could reduce its 2026 revenue by about $70 million and hit adjusted core profit by about $20 million.
- 02Entain expects 4-6% online NGR growth for 2026 if the ban is upheld, and excluding Brazil growth would be at the top end of 5-7% guidance on a constant currency basis.
- 03Brazil revoked online betting licenses and requires congressional approval within 120 days to remain in force.
- 04Allwyn AG scrapped its annual profit margin guidance following the betting ban.
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