Ladbrokes owner eases earnings guidance as online revenues begin to fall

The owners of bookie chain Ladbrokes have tightened their annual earnings forecast due to a marked decline in online betting revenue in the final three months of last year.

The owners of bookie chain Ladbrokes have tightened their annual earnings forecast due to a marked decline in online betting revenue in the final three months of last year.

Ladbrokes owner Entain has tightened its forecast for annual earnings after seeing a marked decline in online betting revenue in the final three months of last year.

The group — which also owns online brands like Bwin and PartyPoker — said, in its latest trading update, that online revenues fell 9% in the fourth quarter of last year. It has lowered the expected upper end of profit expectation as a result.