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Evening Standard
Evening Standard
Business
Michael Hunter

London casinos, Formula One and the NFL emerge as bright spots for FTSE 350 gambling companies

Rank Group’s London Casinos are among some bright spots for the gambling industry after a brace of updates from the sector (Jane Barlow/PA)

(Picture: PA Wire)

The return of tourist traffic to London casinos at Rank and an increase in popularity of betting on Formula One at bookmaker Entain emerged as bright spots in the gambling industry today.

As Max Verstappen rose to the top of motor racing, punters were drawn into the sport, with Entain reporting a 30% rise in bets on Formula One each season from 2018 to 2021. It was driven by bets placed in the UK, Brazil and Germany.

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