Entain challenges notice of caution over future sports betting margin

Entain challenges notice of caution over future sports betting margin

CFO Rob Wood suggests 13% is “definitely not the new normal” as retail-style bets put on line combine with favourable sporting success to enhance business in H1

Entain CFO Rob Wooden has moved to clarify that the operator’s 13% sports betting margin documented in H1 is unlikely to proceed indefinitely. Wood advised analysts that 13% was “definitely not the new normal” when requested how substantially of the FTSE 100 operator’s initially-half margin uptick may be long-lasting. Pre-Covid-19 and throughout 2019, Entain was…