Owner of Ladbrokes Entain sees profits rise as US arm flies BetMGM has now surpassed Draft Kings as the number one online casino.

The FTSE 100 betting behemoth, formerly known as GVC Holdings, reported that online net gaming sales increased 28% in the six months leading up to July, marking the 22nd consecutive quarter of double-digit online growth.
On revenues of £1.8 billion, underlying earnings increased by 12% to £401 million. Despite retail revenues falling 43% as betting shops were shuttered by lockdowns, overall sales increased by 11%.
 
The FTSE 100 betting company, formerly GVC Holdings, recorded a 28% rise in online net gaming sales for the six months up to July, marking 22 straight quarters of double-digit growth online. Earnings grew 12% to £401 million on revenues of £1.8 billion, while retail revenue saw a 43% drop due to betting shop closures amid lockdowns. Despite these closures, overall sales climbed 11%.
 
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