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GOOD YEAR FOR BET365

12/30/11 : British online bookmaker reports GBP 91 million profit despite losses on football club
 
UK internet bookie Bet365 says that in-play betting has made an important contribution to its impressive full year results, which illustrate that the company is bigger online than the internet divisions of rivals William Hill plc and Ladbrokes plc combined.
 
Takings for the year to 31 March rose 22 percent to GBP 501million as bets rose 58 percent, enabling the Coates family, who own the business, to take out a GBP 25 million dividend for the third year running in a difficult economic environment.
 
The group made a pre-tax profit of GBP 91million despite absorbing rising losses from its majority stake in Premier League football club Stoke City, the Guardian newspaper reports. Bet365's share of losses from the club, which is chaired by 73-year-old Peter Coates, almost doubled to GBP 7.4 million.
 
Profits from online betting and gaming operations in Stoke and Gibraltar stayed broadly flat at GBP 93.7million, on turnover of GBP 439 million, after bet365 invested heavily in internet and mobile technology as well as expensive advertising campaigning.
 
The Guardian reveals that bet365 was started by Denise Coates from a single portable building with funding from her father's betting shops business in 2000. It is now said to employ more than 1,400 people.
 
The group is the last major online bookmaker still on the UK mainland, after  Ladbrokes and William Hill last year shifted operations offshore with the loss of hundreds of jobs. Bet365 also has operations in Gibraltar, where it takes casino, bingo and poker wagers.
 
Denise Coates owns just over half the shares in bet365, which have generated dividend payouts in the last three years totalling GBP 37.5 million.
 
Bet365 does not disclose which countries its revenues come from but the business is acknowledged as the clear market leader in online sports bookmaking in the UK. In addition the site is available in 17 languages and reportedly serves 6 million customers worldwide. It has recently been exploring moves into newly licensed markets of Australia, the Netherlands and Spain.
 
Bet365 has a strong track record in donations to charities. Last year it gave more than GBP 400,000 to charitable causes, with the majority going to a responsible-gambling charity and the rest going to disability, children's and local groups.



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US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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