Sept 25 (Reuters) - Ladbrokes owner Entain (ENT.L) warned on its online net gaming revenues for the third quarter and the full-year on Monday, as the British gambling firm grapples with ongoing regulation in the industry, particularly in the UK, and slower growth in Australia and Italy.
The owner of online brands bwin and partypoker, said it expects third-quarter online net gaming revenue to be down by "high single digit percent" on a pro-forma basis.
It also expects group online gaming revenue for the full year to be down "low single digit percent" on a pro-forma basis.
Meanwhile, sports-betting service BetMGM, which Entain jointly owns with MGM Resorts (MGM.N) was on track to report positive core profit in the second half and full-year gaming revenues at the top end of its expectations, the British company said.
($1 = 0.8170 pounds)Reporting by Eva Mathews in Bengaluru; editing by Eileen Soreng and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.
Persons:
Entain, Eva Mathews, Eileen Soreng, Louise Heavens
Organizations:
MGM Resorts, Turkish, Thomson
Locations:
Australia, Italy, London, Bengaluru