Self-service betting terminals in bookmakers’ shops are performing better than online gambling
(Picture: Entain)Entain, the owner of bookmakers Ladbrokes and Coral, has reduced part of its guidance for the financial year as punters cut back on online gambling with inflation eating away at consumers’ spending power.
The company said it no longer expected net revenue growth from its online operations for the year, having previously forecast a rise the mid-to-high single digits. Its shares fell 9.5 per cent to 1031p in morning trade, making it the biggest single faller on London’s FTSE 100 stock index.
