Entain Tops Sales and Earnings Targets as World Cup Lifts Ladbrokes
Entain, owner of Ladbrokes, Coral and Foxy Bingo, reported stronger-than-expected sales and earnings for the past six months, with net gaming revenues up 5% to June 30. Online revenue rose 7%, and UK and Ireland revenues increased 8%, helped by 13% online growth offsetting the effect of high street shop closures after Entain shut 45 stores in Ireland and Northern Ireland.