Entain PLC lowered its 2026 online net gaming revenue growth forecast to 4%-6% following Brazil's provisional ban on online gambling, which has immediate effect but awaits Congressional approval. Despite this, Entain maintained its underlying EBITDA guidance of £910 million to £960 million, expecting results toward the lower end if the ban persists through 2026. Brazil was a significant growth market, being the third-largest regulated online market globally, but the ban introduces political and regulatory uncertainty ahead of Brazil's October presidential election. Other companies like Better Collective and Flutter have also cut guidance or ceased operations in Brazil due to the ban, highlighting broader industry risks in the region.
Entain's revised outlook amid Brazil's online gambling ban is contextually framed by Pluang's Consumer Cyclical sector data. For readers following this sector, here is Pluang's market snapshot as of Sep 28, 2026 19:31 WIB: out of 112 priced US stocks, 23 rose and 72 fell. Notable movers include Toyota Motor Corp at USD 187.47 with a -1.51% change and a typical hold time of 115 days, NIO Inc. at USD 3.63 up 1.40%, and Carnival Corp at USD 21.94 down 1.39%.
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SpaceX successfully launched its Starship rocket into Earth orbit for the first time, overcoming the loss of one of its six Raptor engines shortly after upper stage separation. Initially, the company paused the orbit attempt but then resumed, marking...
