Winners and losers: Digital delight as bookie suffers slip at retail sites

Revenues at Ladbrokes Coral have bounced back, as strong growth from the digital business offset a drop in takings at the betting giant’s retail stores. The FTSE 250 firm said group net revenue had grown 3 per cent for the four months to 29 October, with the digital arm clocking a 12 per cent rise thanks to an 18 per cent jump from online gaming firm Sportsbook. While the digital business recorded a leap over the period, revenues at the retail stores dipped 1 per cent as like-for-like revenue from betting machines came in flat.