Publishing a trading statement for the period from July 1 to October 29, UK betting and gaming giant Ladbrokes Coral reported a 12 per cent year-on-year jump in digital revenues.
Digital net revenue was 15 per cent ahead excluding the effects of the Euro 2016 tournament while sportsbook stakes were up 17 per cent, year on year.
Online gaming net revenue was six per cent ahead of last year, with gaming net revenue in the sportsbook-led brands up seven per cent.
The performance of the operator’s online operations helped to mitigate a one per cent drop in like-for-like UK betting shop revenues. Overall, the group saw revenues grow three per cent o the four-month period, compared with the same period in 2016.
In a statement Ladbrokes Coral Group CEO Jim Mullen said: “The [results] represent another period of positive trading performance for the group as well as solid delivery on the key operational and financial targets for the year including the swift integration of people, operations and platforms.
“Our digital performance is strong and the Ladbrokes brand in Australia and the Eurobet brand in Italy continue to post very strong revenue growth. In the UK, the Coral and Gala brands also posted very pleasing growth, and we continue to transition our approach to customer acquisition and retention in Ladbrokes.com to focus on improved profit conversion.”