UK-listed betting operator Ladbrokes says it enjoyed a strong showing by its digital division, thanks to a near doubling in its Australian revenue.
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On Tuesday, Ladbrokes issued a trading update covering the three months ending Sept. 30, in which overall revenue improved 12%, despite “two very painful, loss-making meetings” at this year’s Glorious Goodwood and the Ebor meeting in York.
Digital revenue jumped 48.2%, spurred by a nearly one-third rise at the Ladbrokes.com site and Lads’ betting exchanges. Online sportsbook revenue surged 48% and mobile stakes rose nearly one-third, representing 79% of all digital stakes. Online gaming improved nearly 24%, the 8th straight quarter of year-on-year growth.