FILE PHOTO: A closed Ladbrokes is seen in Manchester, following the outbreak of the coronavirus disease (COVID-19), Manchester, Britain, June 12, 2020.
REUTERS/Jason Cairnduff(Reuters) -British gambling group Entain reported a drop in total net gaming revenue for the first quarter on Thursday, as a hit from shop closures outweighed a surge in online betting during coronavirus lockdowns.
The FTSE 100 company, which owns the Ladbrokes and Coral brands, said total net gaming revenue fell 13%, even as online revenue leapt by a third.
“There are competing leisure activities, with restaurants and cinemas opening up,” Chief Financial Officer Rob Wood told Reuters.
It typically attracts customers who don’t necessarily have an online gambling app on the phone,” Wood said.
Jason Cairnduff, Rob Wood, ” Wood, Hargreaves, Laura Hoy, “, ”
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Manchester, Britain, British