bet365 Earnings Hit £179m

Published June 26, 2013 by OCR Editor

bet365 Earnings Hit £179m

bet365 Sports posts massive earnings of £179m for the period ending 31 March 2013.

Sports betting giant bet365 has released its financial reports for the period ending March 31st and pundits are upbeat about the results. Staggering earnings of £179m were recorded as the brand expanded into a host of newly regulated betting markets across Europe. These include both Denmark and Spain where punting on mobile devices continues to enjoy a strong following. The figures reveal that net earnings grew some 158% alongside a strong growth of 150% on mobile betting across bet365s numerous betting platforms.

Impressive Earnings

The total figure reported by bet365 completely overshadows the revenues of leading gambling brands - Ladbrokes and William Hill combined. This bodes well for bet365 patrons who enjoy the brand and the multiple offerings it provides. In terms of sheer revenue potential, bet365 posted a whopping £20bn - a figure that quadruples that of Paddy Power. In terms of sheer numbers, bet365 sports an impressive 2.7 million new player registrations in addition to 1.3 million new players to the range of iGaming services on offer.

Strength is in the Numbers

Employment growth within bet365 has increased substantially to over 2,500. Since the earnings announcement was made, bet365 has paid dividends in excess of£15m to shareholders. In terms of overall earnings, bet365 performance was strong at 44% and the company is ranked #1 in eGaming's Annual Power 50 companies. This strong performance is likely to lead to increasing investment in information technology so that bet365 can maintain its dominance.

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