Ladbrokes owner boosted by high street bookies amid online slowdown
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Betting giant Entain has hailed a “strong start” to 2022 as rebounding sales from its high street bookies offset an online slowdown as pandemic restrictions relaxed. “Given the strength and continuing momentum of our underlying business, coupled with our proven ability to grow both organically and through M&A, we remain confident in our financial performance for full-year 2022 and beyond.” Elsewhere, gambling rival 888 has announced a bookbuild which will see it issue more than 70 million new shares to help finance its acquisition of William Hill’s European business. 888 confirmed on Thursday that it has agreed a reduced price of £1.95 billion to buy the William Hill business, which includes its UK betting shops, having previously sealed a £2.2 billion move last year.
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