Bet365 Records Revenues of Over £2 Billion For Last Fiscal Year
Online gambling giant bet365 had reported outstanding growth as they saw their revenues increase to £2.15 billion over the 12 month period up to March 26. The firm’s turnover grew from £1.65 billion last year. Operating profits increased from £456 million to £503 million and their pre-tax profit increased from £459 to £514 million.
Punters flocked to play as punters wagered £46.9 million more within the 12 months which was an increase of more than £10m for the same period in 2016.
Alongside their revenue growth, bet365 also grew their workforce from 3,404 in 2016 to 3,835. According to joint CEO Denise Coates, the success of the company over the last 12 months was mainly part due to the fall in the value of the pound and the European Championships.
Coates was naturally delighted with the results and said,” On behalf of the board I am pleased to report that the Group continued to experience significant growth during the period, with overall revenues and operating profit increasing year-on-year. Sports and gaming activities contributed significantly to the overall growth of the Group, with revenue and operating profit also increasing year-on-year.”
She went on to add that she is confident that the company revenues will continue to grow. In light with this the company is also planning to build a new staff training center and sports facilities on land at Etruria Valley.