Sports betting

Entain issues note of caution over future sports betting margin

CFO Rob Wood says 13% is “definitely not the new normal” as retail-style bets placed online combine with favourable sporting results to boost business in H1

Entain CFO Rob Wood has moved to clarify that the operator’s 13% sports betting margin reported in H1 is unlikely to continue indefinitely. Wood told analysts that 13% was “definitely not the new normal” when asked how much of the FTSE 100 operator’s first-half margin uptick might be permanent. Pre-Covid-19 and throughout 2019, Entain was…

Entain | Euro 2020 | H1 2021 | Ladbrokes | Q2 2021 | Rob Wood | Sports betting | Sports margin