Sportingbet continued its phoenix-like rise from the ashes of the US clampdown on online gambling by beating consensus forecasts with 30 per cent-plus revenue growth in the first two months of its financial year.

The company, which two years ago gave up two-thirds of its revenues when legislation forced its exit from the lucrative US market, said it expected a revenue boost when it unveiled live video streaming of sports events next week. Net gaming revenue in sports betting, its key product, rose 45 per cent in the year ending July 31, helping it to post overall growth of 23 per cent.