Shares in Ladbrokes and Coral owner GVC Holding were up by 1.2% on Friday morning, following its quarterly trading update that highlighted a rise in net gaming revenue.
GVC posted a 17% growth in online operations in the three months ending 31 March, while total group sales increased by 8%.
Revenues from wagers in GVC UK bookmakers shops were flat although sports margins slipped by 1.1%.
European GVC stores posted a 2% rise in revenues, boosted by a 13% growth in sports wagers with margin slipping by 1.8%.
“At this early stage of the year, the Board is confident of delivering Ebitda and operating profit in-line with expectations," GVC Chief Executive Kenneth Alexander said.
“We continue to see good volume growth across all major online brands and territories and we remain very confident of achieving our target of double-digit online NGR growth,” he added.