Entain PLC
28 September 2026
THIS ANNOUNCEMENT CONTAINS INFORMATION THAT QUALIFIES AS INSIDE INFORMATION
28 September 2026
Entain plc
(“Entain” or the “Group”)
Entain maintains FY26 EBITDA guidance despite Brazil’s ban on online betting
Entain plc (LSE: ENT), the global sports betting and gaming group, notes the announced regulatory development in Brazil, prohibiting online sports betting and gaming.
On 25September 2026, an executive measure was published which provisionally withdraws all operators’ authority to operate online sports betting and gaming with immediate effect. This provisional measure requires Congressional approval within a 120-day period to remain valid thereafter. Congress may reject, approve, or make amendments to the executive measure. Therefore, the longer-term outcome is likely to remain uncertain during this period.
Entain is disappointed by this sudden development without consultation of industry stakeholders regarding its significant adverse consequences. However, Entain’s operations in Brazil are complying with the provisional measure.
In FY26, Entain expected Brazil to represent approximately 5% of the Group’s Online Net Gaming Revenue (NGR), although given the challenging and highly competitive operating environment, its EBITDA contribution was expected to be modest.
Reflecting the strength of the Group’s globally diverse portfolio, Entain reconfirms FY26 Group Underlying EBITDA guidance1 of between £910m to £960m and Online Underlying EBITDA margin guidance1 of 21-22%, while now expecting to be towards the lower end of both ranges due to Brazil’s provisional executive measure2.
Excluding Brazil, Entain remains on track to deliver FY26 Online NGR growth at the top end of its guidance1 of 5-7% on a constant currency3 basis.
Including Brazil, Entain now expects FY26 Online NGR growth of 4-6% on a constant currency3 basis, reflecting Brazil’s year to date performance and assuming the immediate ban is upheld for the remainder of 2026.
Entain will continue to monitor the situation and will provide updates as appropriate.
Notes
- Guidance as stated at Entain H1-26 results on 13 August 2026(excluding BetMGM parent fees and CEE reported as discontinued operations)
- Assuming the immediate ban is upheld for the remainder of 2026
- Growth on a constant currency basis is calculated by translating both current and prior year performance at the 2026 exchange rates
This announcement contains information that qualifies or may qualify as inside information within the meaning of Article 7 of the Market Abuse Regulation (EU) No. 596/2014 as it forms part of English law by virtue of the European Union (Withdrawal) Act 2018. The person responsible for releasing this announcement on behalf of Entain is James Morris, Company Secretary.
Upon the publication of this announcement via a regulatory information service, this inside information is now considered to be in the public domain.
Enquiries:
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Investor Relations - Entain plc |
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Media - Entain plc |
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Sodali & Co Rob Greening/Russ Lynch/Sam Austrums |
Tel: +44 (0) 20 7250 1446 |
Forward-looking statements
This document contains certain statements that are forward-looking statements. They appear in a number of places throughout this document and include statements regarding our intentions, beliefs or current expectations and those of our officers, Directors and employees concerning, amongst other things, results of our operations, financial condition, liquidity, prospects, growth, strategies and the business we operate. These forward-looking statements include all matters that are not historical facts. By their nature, these statements involve risks and uncertainties since future events and circumstances can cause results and developments to differ materially from those anticipated. Any such forward-looking statements reflect knowledge and information available at the date of preparation of this document. Other than in accordance with its legal or regulatory obligations (including under the Market Abuse Regulation (596/2014) as it forms part of English law by virtue of the European Union (Withdrawal) Act 2018, the UK Listing Rules, the Disclosure Guidance and Transparency Rules and the Prospectus Rules), the Company undertakes no obligation to update or revise any such forward-looking statements. Nothing in this document should be construed as a profit forecast. The Company and its Directors accept no liability to third parties in respect of this document save as would arise under English law.
About Entain plc
Entain plc (LSE: ENT) is a FTSE listed company and is one of the world’s largest sports betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports brands include BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet, Sports Interaction, STS and SuperSport; Gaming brands include Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and PartyCasino. The Group operates the TAB NZ brand as part of a long-term strategic partnership with TAB New Zealand. The Group owns proprietary technology across all its core product verticals and in addition to its B2C operations, provides services to a number of third-party customers on a B2B basis.
The Group has a 50/50 joint venture, BetMGM, a leader in sports betting and iGaming in the US. Entain provides the technology and capabilities which power BetMGM as well as exclusive games and products, specially developed at its in-house gaming studios.
The Group is tax resident in the UK and is a global operator focused on regulated or regulating markets, operating in over 30 territories.
Entain is a leader in ESG, a member of FTSE4Good, the DJSI and is AAA rated by MSCI. For more information see the Group’s website: www.entaingroup.com.
LEI: 213800GNI3K45LQR8L28
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