Ladbrokes and Foxy Bingo owner Entain PLC (LSE:ENT) said online net gaming momentum has continued ahead of expectations in the third quarter.
The FTSE 100-listed bookmaker also reported that year-on-year growth had returned to the online business in the UK and Ireland, earlier than expected, across both gaming and sports betting, with its international divisions also said to have maintained positive trading.
Bookmaking shops were performing in line with expectations, the company added, in a statement released ahead of a series of investor meetings in the City this week.
New chief executive Gavin Isaacs, the experienced industry executive appointed in July, started last week and will work alongside interim CEO Stella David until she succeeds Barry Gibson as chair at the end of the month.
Entain also flagged recent enhancements to its US joint venture BetMGM’s sports betting offer as the new NFL season kicks off, with enhanced ‘parlay’ bet combinations and individual player ‘prop offerings’, as well as new live betting and bet slip features.
BetMGM is also now the first sports betting app to offer Nevada bettors a single digital wallet that gives them seamless, nationwide connectivity.