Flutter and Entain Warn Brazil Ban Hurts Results
Betting giants Flutter and Entain warn that Brazil's ban on online gaming will hurt annual results and remove a key growth market. Flutter estimates a seventy million dollar revenue hit while Entain adjusts its profit outlook.
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Betting giants Flutter Entertainment plc and Entain plc warned on Monday morning that Brazil's ban on online sports betting could dent annual results. The sudden regulatory reversal strikes one of the industry's fastest-growing markets. Operators now face mounting pressure across international portfolios squeezed by rising compliance costs.
