July 8 (Reuters) – Ladbrokes proprietor Entain (ENT.L) raised its 2021 revenue view and reported a leap in first-half web gaming income on Thursday, because the resumption of sporting occasions together with the Euro 2020 boosted betting volumes.
The corporate mentioned annual core earnings will likely be between 850 million kilos and 900 million kilos, forward of present market consensus, and higher than the 843.1 million kilos reported in 2020.
Earlier than the pandemic, Entain reported a 2019 revenue of 761.4 million kilos. The corporate mentioned volumes at its retail retailers have been again at ranges that have been 10% decrease than pre-covid, for the reason that easing of restrictions.
The FTSE 100-listed firm, which additionally owns bwin and Coral manufacturers, mentioned it was doubling funding in its recreation growth studios because it steps up its concentrate on on-line betting. read more
Entain’s on-line web gaming income jumped 22% within the three months to June, marking 22 consecutive quarters of double-digit progress.
On-line betting agency 888 Holdings (888.L) mentioned earlier this week it noticed common day by day income within the UK drop by 20% year-on-year for the reason that reopening of eating places and different leisure venues in Could.
Reporting by Muvija M in Bengaluru; Modifying by Shounak Dasgupta
Our Requirements: The Thomson Reuters Trust Principles.