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Bet365 Revenue Report
BET365 ENJOYS ANOTHER PROFITABLE YEAR
Revenues and profits soar at UK online gambling group.
Online gambling giant Bet365 has turned in another impressive annual set of results for the year ended March 27, reporting that revenue and profits both grew significantly, with the following highlights:
* Operating profit up at GBP456 million compared to the GBP 406 achieved in the preceding year;
* Pre-tax profit up GBP459 million (GBP409 million previously);
* Revenue of GBP1.55 billion - up 5 percent;
* Sportsbetting turnover up 6 percent at GBP 36.9 billion - up GBP2.3 million;
* Employee headcount now at 3,404 - up from 3,179 in the preceding year. This is in addition to 297 casual match-day staff employed during the period;
* The firm opening of the first Bet365 satellite office in Manchester, which will lead to the creation of 70 jobs;
* In-play betting channel delivered 72 percent of sports wagering, down 3 percent from the previous year, but mobile revenues were nevertheless up 36 percent y-o-y;
* Active customer numbers up 11 percent y-o-y, with lifetime signups over 23 million;
* Stoke City, a football club owned by Bet365, reported a GBP8.5 million profit - a significant improvement on the previous years GBP232 million loss, made more impressive by the annual employee expenses rising GBP14.3 million to GBP 77.2 million;
* Investments in other industries during the year totalled GBP 125 million;
* Cash reserves of GBP 1.1 billion.
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Gambling News :
Pokerstars Now Lead Sponsor of Global Poker League -
Alex Dreyfuss Global Poker League has received a significant boost from the announcement by Dreyfuss Mediarex Sports and Entertainment company Friday that online pokers biggest operator, Pokerstars, has signed on as lead and exclusive GPL sponsor.
Betconstruch invests in Ucrafts -
BetConstruct may have also been attracted by the obvious interest in Ucrafts business - the start-up has already gained 5,000 subscribers in just a few months of commercial activity.
Plus500 Founders Selling Off Shares -
Alon Gonen and Gal Haber respectively sold 7.2 million shares, retaining a 10.4 percent interest in the company; and 2.6 million shares, retaining a smaller stake of just 3.6 percent.
Rush Golf Live Launches -
Virtual sports provider Inspired Gaming has announced the launch of its latest product - Rush Golf Live - with Betfred the first operator to carry the game.
GreenTube and Chopsticks In Partnership -
Novomatic Interactive subsidiary Greentube has announced that it has signed a partnership deal with the Gibraltar-based mobile app developer Chopsticks In The Apps Ltd through which it will organize distribution of Chopsticks games through its online, mobile, social and land-based channels.
Singapore Gambling Exemptions Granted -
The issue of certain state-linked commercial organisations being granted exemptions from Singapores tough anti-online gambling laws has been on the table for the past few months and has been the subject of opposition complaints; protest petitions and general argument.
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