British gambling company Entain, the subject of a $22 billion takeover approach from U.S. rival DraftKings, reported higher quarterly revenue on Tuesday, led by stronger betting activity at its fast-growing BetMGM joint venture.
Entain, home to Ladbrokes and Coral betting shops as well as the bwin and partypoker online brands, said net gaming revenue rose 4% in the three months to Sept. 30 while revenue from online sports betting jumped 12%.
The results come a week before a takeover rules deadline requiring DraftKings to make a firm bid for Entain or walk away. DraftKings’ $22 billion offer is double a bid Entain rejected from joint venture partner MGM in January.