Despite a relatively stable third quarter, with net gaming revenue up just 2% and online revenue up 1%, the gaming giant is preparing for a successful winter.
“We have good momentum across the business and are looking forward to finishing the year strong, including the World Cup,”
The company, which owns brands like Coral and Foxy Bingo, said the planned return to operations in
Shares climbed as much as 4% yesterday on optimism, countering the downward slide
The group also showed their progress in the United States with BetMGM as gambling is legalized in more states. Thanks to a “successful start to the season in the NFL”, net income from games increased by 90% for its American subsidiary to just over
Head of equity research at Hargreaves Lansdown, Derren Nathan, said the push into the US market was “impressive”, especially given competitor Flutter’s dominance over Fanduel and the complex regulatory landscape.
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