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Why a strong end to 2020 may be a double-edged sword for gambling industry
A run of favourable sports results has helped drive the numbers for bookmakersCredit: Pool
There has been a rush of trading updates from gambling operators in recent weeks telling the same story about them enjoying a strong end to 2020.
Indeed, some have reported record performances, although those could have a sting in the tail for the sector.
Among those to have delivered positive news was Unibet's parent company Kindred Group, which last week announced its "strongest quarter ever", with gross winnings revenue at an "all-time high" of around £365 million, representing annual growth of 55 per cent.
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more inFeatures
- Captain Marvel: how a modern master of Cheltenham and a genuine pioneer executed one of the shocks of the year
- 'We’re delighted with how it's going' - joint-trainers prepare for exciting year after Flat string is doubled
- 'We’ve had to work hard this sales season' - Kennet Valley seeking to build on success with biggest string
- Alastair Down's archives: the great writer recalls Coneygree's glorious victory in the 2015 Cheltenham Gold Cup
- Kauto Star: the extraordinary talent who became the benchmark for sheer undiluted quality