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Good Progress For Bet365 Australia
BET365 PROGRESSES IN AUSTRALIAN MARKET
Reports significant headway towards cutting losses.
Online gaming firm bet365’s Australian arm has reportedly made good progress and significantly cut the substantial losses previously reported in its fiscal 2015 report for the 12 months ended March 27.
According to Australian Securities and Investment Commission documents bet365 Australia has whittled its losses to A$10.9 million, significantly down from accumulated losses of A$133 million since its launch in the Australian market in 2012.
The 2016 financial report notes that bet365’s progress supports "the Directors view that over the longer term the Company will become profitable and, therefore, deliver a positive contribution to the Group."
The Australian Financial Review (AFR) reveals wagering amounts with bet365, during its fiscal 2016, reached A$ 2.5 billion, an increase of A$ 438 million over fiscal 2015. The company is now believed to hold around 17 percent of the Australian online sports betting market, AFR said citing unidentified media and sports sources.
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Gambling News :
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.
Dollars to Donuts Slot Launch -
Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
NBA Odds: Resurgent Clippers Face Warriors in Oakland -
After a much-needed lineup shuffle, the Los Angeles Clippers (29-27 SU, 35-21 ATS) carry a four-game SU and ATS winning streak into Thursday’s game against the best team in the NBA, the Golden State Warriors (47-9 SU, 27-27-2 ATS). Tip-off is at 10:30 PM ET on TNT.
PokerStars.CZ has launched in the Czech Republic -
PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republic’s new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.
Sunbets to Sponsor Sutton United -
Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.
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