Bet365 delivers another stellar year
News on 20 Nov 2018
News on 20 Nov 2018
Privately-owned, Stoke-on-Trent based gaming firm bet365 has reported a 26 percent increase in gaming revenue in its latest annual report.
Other key performance points for the 12 month period ending March 25, 2018 include:
Net Profit reached GBP 587.6 million, up 28 percent.
EBITDA of GBP 722 million, up 30 percent over last year.
Total turnover was GBP 2.86 billion.
Wagers placed reached GBP 52.6 billion, 12 percent up y-o-y.
In-play betting accounted for a whopping 77 percent of all sportsbetting revenue.
Tax obligations rose to GBP 78.2 million, a 78 percent increase.
Staff complement grew 10 percent to 4,236 at a cost of GBP 745 million to the company, up 27 percent.
GBP 34 million was spent on software development, an increase of 26 percent.
Cash reserve of GBP 1.8 billion, no debt and an additional GBP 500 million in investments.
Industry specialists expect next year to be even more impressive considering the World Cup fell out of the reporting period and bet365’s inroads into the US market.
