UK-listed gambling giant Flutter Entertainment says business is booming despite the lack of major betting sports, but that didn’t stop it from raising over £812m through a new share issue.

On Thursday, Flutter issued a trading statement covering April 1 through May 17. The enlarged company, which now includes the operations of The Stars Group (TSG), says revenue in Q2 to date is up 10% from the same period last year.

The gains were largely due to the predominantly grey/black market operations of TSG’s PokerStars brand, aka ‘TSG International’ under Flutter’s new brand integration strategy. TSG International revenue was up 92% year-on-year, while the combined Sportsbet/BetEasy online betting operations in Australia were up 56% and the US operations of TSG and FanDuel rose 61%.

Flutter’s UK- and European-facing operations were far less stellar, with Paddy Power Betfair brands down 54% (online down 41%, retail a complete write-off due to COVID-19 closures) and the online-only Sky Betting & Gaming falling 28%.