Ladbrokes and bwin owner GVC Holdings has raised its outlook for annual core earnings after posting a 12% rise in third-quarter revenue.
The company's performance was helped by a surge in online gaming and as sports events such as the English Premier League resumed.
GVC, which owns brands such as Coral and Eurobet, said full-year earnings before interest, taxes, depreciation, and amortization (EBITDA) is now expected between £770-790m.
GVC had previously forecast annual EBITDA to be between £720-740m.
Last week it warned that new gambling rules in Germany, its second-largest online-gaming market, would reduce 2021 profit by £70m.
However, the company is steaming ahead as it also announced the acquisition of Bet.pt, an online gambling operator in Portugal.
Gambling companies have been expanding overseas to offset a hit from tighter regulations in Britain.
The company, which has a US presence through a venture with casino operator MGM Resorts, said the business was tracking ahead of expectations, with sales of roughly $150-$160m expected this year.
"We have delivered our nineteenth consecutive quarter of double-digit online growth, along with market share gains in all our major territories - GVC is primed for further growth," chief executive Shay Segev said.
Online net gaming revenue for the three months ended September 30 jumped 26% as Covid-19 encouraged customers to play more to relieve themselves of boredom.
