Bet365 returns to profit in 2023/24 FY despite Stoke FC losses

1 day ago · Looking at the bottom line, profit before tax for the betting and gaming segment was £626.6 million. However, the Stoke City FC business suffered a £30.3 million loss, more than …

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Bet365 Returns To Profit In 2023/24 FY Despite Stoke FC Losses

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1 day ago · Looking at the bottom line, profit before tax for the betting and gaming segment was £626.6 million. However, the Stoke City FC business suffered a £30.3 million loss, more than …

igamingbusiness.com

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Bet365 Reports Profit In 2023/24 Financial Year

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1 day ago · Leading British bookmaker bet365 has filed its returns for the 23/24 financial year, with the company showing a 9% increase in its 2022/23 revenue. ... profit before tax showed …

gamblingzone.com

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Bet365 Returned To Profit In 2024… As Denise Coates Banks …

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1 day ago · After a tough set of trading conditions in 2023, bet365 returned to profit last year – with Denise Coates able to bank another £150 million in salary and dividend payments. ... The …

tomharris.org.uk

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Turnover Up But Pre-tax Losses Reported At Bet365 Following …

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Jan 9, 2024 · Gambling firm bet365 has recorded losses of £72.6 million due to an increase in costs linked to entering new markets – but turnover hit £3.41 billion in its latest financial year.. …

daily-focus.co.uk

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Bet365 Creates 1,475 New Jobs As £72m Losses Explained - MSN

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bet365 creates 1,475 new jobs as £72m losses explained ... bet365 had posted a pre-tax profit of £49.8m. ... Stoke City financial situation revealed in latest bet365 accounts News from the ...

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Bet365 Slips To Loss As Full Year Revenue Tops £3.4 Billion

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Jan 8, 2024 · bet365 slips to loss as full year revenue tops £3.4 billion 8th January 2024 10:09 am bet365 has reported a 19 per cent increase in total revenue to £3.41 billion for the financial …

gamingintelligence.com

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Bet365 Revenue Climbs 19% But Rising Costs Results In £60m Loss

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Jan 9, 2024 · Bet365 has reported a 19% annual increase in revenue to £3.4bn ($4.3bn), yet the online giant was hampered by a £60.2m pre-tax loss, according to the group’s latest set of …

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Bet365 Revenue Ticks Up, But Profit Plummets - IGB

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Jan 6, 2023 · The Bet365 Group also owns Stoke City Football Club. The club made a £26.2m loss for the year on revenue of £21.8m. As a result, the combined group made a £49.8m pre …

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Bet365 Explains 95% Drop In Profits Over Last Year

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Jan 6, 2023 · Gambling giant bet365 took on hundreds of extra workers in 2021/22 but profits fell to £15.4million. Accounts published this week on Companies House show the Etruria …

stokesentinel.co.uk

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Bet365 Profit Decline By 88% Due To Increased Marketing …

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Jan 7, 2023 · Including non-operating income of £28.1m from investments and £6.3m in interest income, the company had a pre-tax profit of £76.1m. Additionally, the Bet365 Group owns …

onlinecasinoreports.co.uk

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Bet365 Revenue Climbs 19% But Rising Costs Results In £60m Loss

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Jan 8, 2024 · Bet365 has reported a 19% annual increase in revenue to £3.4bn, yet the online giant was hampered by a £60.2m pre-tax loss, according to the group’s latest set of accounts. …

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FAQs about Bet365 returns to profit in 2023/24 FY despite Stoke FC losses Coupon?

What happened to Bet365 results show revenue?

Bet365 RESULTs SHOW revenue was up by 2.9% year-on-year to £2.85bn. The operator said that the decline in sports betting revenue was margin-based, as the total amount that was wagered increased and the number of active customers was up by 48%. ...

How did Bet365 perform in 2023?

bet365 has reported a 19 per cent increase in total revenue to £3.41 billion for the financial year ended 26 March 2023, as the operator benefited from the 2022 FIFA World Cup and expansion into newly regulated markets. ...

How much money does Bet365 make a year?

It comes as Bet365’s revenue grew to £3.39 billion. Sports betting still made up the vast majority of that total, at £2.65 billion, but online casino games continued to be a bigger part of revenue, growing to around £715 million. ...

What happened to Bet365?

As a result of the higher costs, Bet365’s operating profit from sports and gaming declined sharply, by 87.8% to £41.7m. After non-operating income – £28.1m in gains from investments and £6.3m in interest income – the operator made a pre-tax profit of £76.1m. The Bet365 Group also owns Stoke City Football Club. ...

How did Bet365 perform in 2021-22?

Bet365’s revenue ticked slightly up in 2021-22 as gaming growth offset a sports betting decline, but increased customer acquisition costs in new markets led to an almost 90% drop in profit. Bet365 results reported that revenue from sports and gaming for the year ended 27 March 2022 was up by 2.9% year-on-year to £2.85bn. ...

What happened to Bet365 in 2022?

John, Denise and Peter Coates outside the bet365 headquarters in Etruria. Gambling giant bet365 took on hundreds of extra workers in 2021/22 but profits fell to £15.4million. Accounts published this week on Companies House show the Etruria company's operating profit fell by almost 95 per cent for the 52 weeks to March 27, 2022. ...