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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.
Gambling News :
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Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
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