{"id":1209,"date":"2023-02-07T09:32:22","date_gmt":"2023-02-07T09:32:22","guid":{"rendered":"https:\/\/sbceurasia.com\/en\/?p=1209"},"modified":"2023-02-07T09:32:23","modified_gmt":"2023-02-07T09:32:23","slug":"ladbrokes-parent-company-makes-1bn-in-profit-as-a-result-of-the-winter-world-cup","status":"publish","type":"post","link":"https:\/\/sbceurasia.com\/en\/2023\/02\/07\/ladbrokes-parent-company-makes-1bn-in-profit-as-a-result-of-the-winter-world-cup\/","title":{"rendered":"Ladbrokes Parent Company Makes \u00a31bn In Profit As a Result of the Winter World Cup"},"content":{"rendered":"\n<p>The owner of the sports betting brands <strong>Ladbrokes<\/strong> and <strong>Coral<\/strong> has revised their full-year profit forecasts upwards due to the World Cup held in winter.<\/p>\n\n\n\n<p>According to <strong>Entain<\/strong>, the number of customers in the last three months of 2022 reached an all-time high, up 14% compared to the year prior.<\/p>\n\n\n\n<p>The company that owns betting shops and online brands <strong>bwin<\/strong> and <strong>partypoker<\/strong> announced an 11% increase in total gambling revenue between October and December.<\/p>\n\n\n\n<p>As a result, Enttain said it expects a pre-tax profit of between \u00a3985m and \u00a3995m for the full year. This is higher than the previous forecast of \u00a3925m to \u00a3975m and represents an increase of around 12% compared to the previous year.<\/p>\n\n\n\n<p>Net income from online games grew by 12% compared to the same period last year.<\/p>\n\n\n\n<p>However, the company said online game sales for the full year were down 1% year-over-year, driven by regulatory changes in the UK and Germany.<\/p>\n\n\n\n<p>Betting brands Ladbrokes and Coral announced that their net retail gaming revenue grew by 66% over the last year, and volumes exceeded pre-pandemic levels. Investors reacted positively to the trading report, and the FTSE 100 stock index rose more than 2%.<\/p>\n\n\n\n<p>Entain says its efforts to reach out to a broader audience of customers have been successful.<\/p>\n\n\n\n<p>The company noted that it started 2023 with \u00abgood momentum\u00bb and is confident that growth will continue.<\/p>\n\n\n\n<p>The result comes less than six months after the <strong>Gambling Commission<\/strong> ordered the company to pay a record \u00a317 million in settlement for failing to comply with gambling addiction prevention and anti-money laundering regulations in retail and online businesses.<\/p>\n\n\n\n<p>Don&#8217;t forget to subscribe to our <a href=\"https:\/\/bit.ly\/3BHW1zr\">Telegram channel<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The owner of the sports betting brands Ladbrokes and Coral has revised their full-year profit forecasts upwards due to the World Cup held in winter. According to Entain, the number of customers in the last three months of 2022 reached an all-time high, up 14% compared to the year prior. The company that owns betting [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":1210,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[1674,50,324,2484,2483,88,405,2486,2482,2485,62,398,86],"class_list":["post-1209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bwin","tag-casino","tag-entain","tag-ftse-100","tag-gambling-commission","tag-germany","tag-ladbrokes","tag-money-laundering","tag-online-business","tag-partypoker","tag-sports-betting","tag-uk","tag-world-cup"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ladbrokes Parent Company Makes \u00a31bn In Profit As a Result of the Winter World Cup - SBC EURASIA EN<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sbceurasia.com\/en\/2023\/02\/07\/ladbrokes-parent-company-makes-1bn-in-profit-as-a-result-of-the-winter-world-cup\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ladbrokes Parent Company Makes \u00a31bn In Profit As a Result of the Winter World Cup - SBC EURASIA EN\" \/>\n<meta property=\"og:description\" content=\"The owner of the sports betting brands Ladbrokes and Coral has revised their full-year profit forecasts upwards due to the World Cup held in winter. According to Entain, the number of customers in the last three months of 2022 reached an all-time high, up 14% compared to the year prior. 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