{"id":62683,"date":"2025-08-12T23:03:04","date_gmt":"2025-08-12T23:03:04","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/62683\/"},"modified":"2025-08-12T23:03:04","modified_gmt":"2025-08-12T23:03:04","slug":"ftse-and-wall-street-higher-as-us-inflation-unexpectedly-holds-steady-at-2-7","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/62683\/","title":{"rendered":"FTSE and Wall Street higher as US inflation unexpectedly holds steady at 2.7%"},"content":{"rendered":"\n<p class=\"yf-1090901\">Coral and Ladbrokes owner <a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/uk.finance.yahoo.com\/news\/entain-cashes-betmgm-partnership-pays-063845799.html\" data-ylk=\"slk:Entain has revealed a surge in online gaming;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" rel=\"nofollow noopener\" target=\"_blank\">Entain has revealed a surge in online gaming <\/a>as popular sporting events such as Wimbledon and the men\u2019s football Club World Cup reeled in punters.<\/p>\n<p class=\"yf-1090901\">The sports betting giant reported total net gaming revenues \u2013 the amount of money the company pockets after paying out winnings to customers \u2013 of \u00a32.6 billion for the first six months of the year, excluding its operations in the US.<\/p>\n<p class=\"yf-1090901\">The increase jumped to 8% in the UK and Ireland, the company\u2019s biggest market, while online sales in the region surged by a fifth year-on-year.<\/p>\n<p class=\"yf-1090901\">Both the volume of players and the value of sales increased, which Entain said reflected an improved experience for customers as well as previous changes to gambling rules starting to level out.<\/p>\n<p class=\"yf-1090901\">The company had previously warned about the impact from regulatory changes in the UK which were designed to make betting safer for consumers.<\/p>\n<p class=\"yf-1090901\">The FIFA Club World Cup final, which saw Chelsea beat PSG, was the most bet-on football match of 2025 for Entain\u2019s brands, with strong engagement coming from Brazil, Spain and the US.<\/p>\n<p class=\"yf-1090901\">Interest in horse racing surged with the Royal Ascot and the Epsom Derby Festival both among the most bet-on competitions, while Wimbledon Tennis and the Women\u2019s Euro football tournament were also drawing in bets.<\/p>\n<p class=\"yf-1090901\">Entain nonetheless reported a pre-tax loss of \u00a396 million for the first half, swinging from a \u00a313.7 million profit the prior year which the firm said was driven by one-off costs.<\/p>\n<p class=\"yf-1090901\">On an underlying basis, earnings before tax, interest and other costs came in at \u00a3583.4 million for the period \u2013 11% higher than last year.<\/p>\n<p class=\"yf-1090901\">The company said it was now expecting higher sales growth for the year than its previous outlook, with online net gaming revenues forecast to rise by 7%.<\/p>\n<p class=\"yf-1090901\">Annual underlying earnings are estimated to be between \u00a31.1 billion and \u00a31.15 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"Coral and Ladbrokes owner Entain has revealed a surge in online gaming as popular sporting events such as&hellip;\n","protected":false},"author":2,"featured_media":62684,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,14171,1294,12897,32536,33406,33405,10907,56,54,55,11755],"class_list":["post-62683","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-core-inflation","tag-economy","tag-ftse","tag-inflation-data","tag-rate-of-inflation","tag-trade-tariffs","tag-trump","tag-uk","tag-united-kingdom","tag-unitedkingdom","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/62683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=62683"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/62683\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/62684"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=62683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=62683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=62683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}