Ladbrokes owner Entain has warned of a potential £40m [$51m] hit to profits amid the Government’s crackdown on gambling.
The business said on Thursday that it expects a blow to sales in 2024 as it comes up against a raft of new rules designed to boost safety in the gambling sector.
Entain’s warning comes as ministers attempt to respond to the surge in online betting, which has sparked concerns over potential harm to consumers.
Shares in Entain fell by more than 6pc in early trading.
It emerged last month that the Government was preparing to introduce a £5 stake limit for adults betting online.
