Gambling

Ladbrokes owner Entain’s profits up 15% on back of Super Bowl

The gambling business recorded a 19 per cent increase in active customers during the first quarter

The Ladbrokes also increase active customers by 19 per cent. Photo: Daniel Leal/AFP

Entain, the gambling business that owns Ladbrokes, bwin and Coral, recorded a 15 per cent increase in profits in the first quarter of 2023.

Entain's online net gaming revenue rose 11 per cent on constant currency for the three months ended March 31.

BetMGM, of which Entain co-owns with MGM Resorts International, proved profitable during the period with profits of $470 million (€428 million), up 76 per cent year on year.

The business credited strong ...