Merged betting partners Ladbrokes and Gala Coral Group posted a fourth quarter results update for Coral for the 12 weeks to September 25 today.

Ladbrokes reports a positive third quarter for Gala Carol

The company said trading in the period was “positive”, with total Coral Group net revenue 8.9 per cent ahead of last year, or 11.3 per cent ahead in the year-to-date.

A statement released by Ladbrokes read: “Coral Retail net revenue grew 0.3 per cent driven by an improvement in OTC gross win margin and machines growth.

“Eurobet Retail net revenue was 31.2 per cent ahead of last year, with strong growth in sports stakes.”

More good news for the firm came in the form of continued growth in its online operations, with net revenue up by 23.7 per cent ahead of last year, or 28.3 per cent year-to-date, with Coral’s website net revenue 31.7 per cent ahead driven by “strong growth in sports stakes”.

This continues a string of positive stories for Ladbrokes, having posted strong third quarter growth and having agreed to sell 322 shops for £55m to Betfred and Stan James earlier this week.