LADBROKES owner Entain has said the continued impact of betting regulations caused its net gaming revenue in the UK and Ireland to fall seven per cent in the first three months of the year.

The gambling giant said its work to drive operational improvements as the UK regulatory landscape levels out will "position our brands well for growth into 2025".

The government introduced its gambling white paper in April last year, including a statutory levy and stake limits on certain types of gaming.

In its first quarter results, Entain posted total group revenue notched up three per cent, helped by growth in international net gaming revenue, its central and eastern European segment and BetMGM, Entain's North America sports betting division.

Stella David, interim boss of Entain, said: "We are particularly encouraged by the level of customer engagement in the US following a successful Super Bowl and March Madness... Overall, we are pleased with the progress being made".

(c) 2024 City A.M., source Newspaper