Bookmaker Ladbrokes Coral Group has today reported a 3% rise net revenue as strong trading online helped offset falling retail sales in the UK.
The group, created by the merger of Ladbrokes and Gala Coral last year, said digital net revenue rose 12% from July 1 to October 29, with sportsbook net revenue up 18%.
In the second quarter of its financial year, net revenue fell 2%.
"The main sporting events in the period were the resumption of the football season and the profitable 10th round victory of Floyd Mayweather over Conor McGregor in late August," Ladbrokes said.
It added that its performance for the full year remained in line with expectations.
The company has been trying to increase its share of the online gambling market as a possible crackdown by the UK government on profitable betting terminals in high street shops threatens to hit its retail operations.
In October, the UK government launched a 12-week consultation on a range of options on cutting the maximum stakes allowed on gambling machines from the current £100 to between £50 and £2.
Ladbrokes said it would take an "active part" in providing evidence on all relevant areas of the consultation.
