Flutter Entertainment, which owns Leeds-based Sky Betting & Gaming, says UK betting shop estate has bounced back
Flutter Entertainment, which owns Leeds-based Sky Betting and Gaming, has said its UK betting shop estate has bounced back close to pre-pandemic levels as punters return to high street bookies.
By Greg Wright
Published 4th May 2022, 07:54 BST
The group, which also owns Paddy Power and Betfair, said first-quarter revenue in the UK chain recovered to stand 6% lower on a two-year comparison.
It cautioned the Irish betting shop chain will take longer to rebound and remained 24% lower than the same quarter in 2019 “reflecting the higher level of societal caution with respect to Covid”.
Overall, Flutter said first-quarter group revenues rose 6% to £1.6 billion in the first three months of 2022, with average monthly players jumping 15% year-on-year to 8.9 million worldwide.