Entain (LSE: ENT) has confirmed it will maintain its full-year 2026 underlying EBITDA guidance of £910 million to £960 million after Brazil introduced a provisional ban on online sports betting and gaming.
The sports betting and gaming group said it will comply with the new restrictions imposed by Brazilian authorities, adjusting its expectations accordingly.
Entain now anticipates its financial performance will sit towards the lower end of its previously stated earnings and margin ranges as a result of the ban.
Prior to the regulatory change, Brazil had been expected to contribute approximately 5% of Entain’s online net gaming revenue in 2026, making it a notable but not dominant market for the group.
The company indicated that its Brazilian operations were expected to make only a modest contribution to underlying EBITDA, limiting the direct financial damage from the ban.
Following the introduction of the provisional restrictions, Entain now expects online net gaming revenue growth of between 4% and 6%, incorporating the impact from Brazil.
Despite the disruption, the group continues to forecast full-year underlying EBITDA of between £910 million and £960 million, with expectations now skewed toward the bottom of that range.
Entain operates across a broad portfolio of well-known sports betting and gaming brands, including Ladbrokes, Coral, bwin, Sportingbet, PartyCasino, and Foxy Bingo.
The group also holds a 50% interest in BetMGM, its joint venture in the United States, alongside business-to-business technology and services operations that serve external clients.
Entain is listed on the London Stock Exchange and operates across more than 30 territories, with a strategic focus on regulated and regulating markets worldwide.
The company develops proprietary technology across its product operations, positioning itself as both a consumer-facing operator and a technology provider to the broader gaming industry.
Brazil’s provisional ban represents the latest in a series of regulatory headwinds facing online gaming operators globally, as governments look more closely at the social and economic implications of digital gambling.
For Entain, the ability to absorb the Brazil impact within its existing guidance range reflects the diversity of its revenue base across multiple international markets and product lines.
