Ladbrokes owner to post lower margins amid regulatory headwinds

Entain, which also owns Bwin, saw shares slide on Thursday after it told shareholders that core profit margins are set to dip.

Ladbrokes saw shares slide on Thursday (Mike Egerton/PA) (PA Archive)

The gambling giant behind Ladbrokes and Coral has said it expects profit margins to be lower this year in the face of regulatory headwinds.

Entain, which also owns Bwin, saw shares slide on Thursday after it told shareholders that core profit margins are set to dip to 26% in 2023.

The margins, which will nevertheless remain above pre-pandemic levels, come as the firm faces higher costs for wages, energy and the impact of strengthened regulations.