British gambling firm Entain bet on the soccer World Cup starting next month to help improve its fourth-quarter online gaming revenue and said that its total gaming revenue rose marginally in the third quarter.
The London-listed firm, which owns Ladbrokes and Coral betting shops as well as bwin and partypoker online brands, said on Thursday its total gaming revenue rose 2% in the third quarter, but was unchanged on a constant-currency basis.
Gambling firms, which are seeing more punters returning to retail shops and witnessing a drop in online gaming from COVID peaks, are now staring at challenges from a cost-of-living crisis as customers seek to cut non-essential spending.
