• New Financials Have Been Posted for Bet365

    03 October 2015

    Bet365 financials

    Operating in Europe as an online gambling business is especially tricky right now. There have been a number of major changes to how regulation works in different countries, especially in the United Kingdom with a completely revamped tax system over the past year, and new changes are happening in various countries all of the time. It's not enough that a business has to keep up with all of these changes or face penalties but taxes and fees are generally increasing faster than profits can keep up.

    Pre-Tax Profit Growth

    Growth for the past year has been positive with a 92 percent increase in pre-tax profits. This comes to a total of £410.2 million for Bet365, and it's led by a 43 percent increase in the number of people betting on sports. An increase of about 33 percent was seen to total sports wagers thanks to in-play markets, the fastest-growing segment of the online sports betting industry, and that just goes to show that Bet365 is staying on top of innovation in everything like they always do. It also shows that it's paying off.

    Increasing Employees and Charity

    One particular interesting piece of information to come out of this edition of the Bet365 financials is that they increased their total number of employees by nearly 10 percent. This comes to around 3,000 total employees, and they are the largest employer in Stoke-on-Trent as a result. They also paid out £10 million to a variety of charities in spite of the fact that the Coates family (who owns Bet365) only took in £75 million in dividends this year. This is in comparison to £95 million in the previous year.

    Tax Changes and Licensing

    The big story for Bet365 in the past 12 months was how they adapted to the UK tax changes. By and large, they moved their foreign (non-UK) operations to Gibraltar and continued paying normal UK taxes, so the increased taxes and fees didn't affect them as much as it did some of the competition. They are continuing to expand into more jurisdictions as well, and they could hold licenses to operate in as many as a dozen countries by the end of the year. Things are continuing to look good for this company.

    Related News

    • 26 April 2016

      Be a Gladiator in Bet365 Bingo's Newest Promotion

      Bet365 is known for having some pretty crazy promotions available all the time on all of their properties, and their online bingo room is no exception. Right now, they are in the middle of a big promotion that's all about giving someone a chance to take a trip to Rome. This promotion has five different levels, and each level has certain guidelines that have to be met before you can advance to the next.

      Read full article
    • 02 August 2015

      Malta Gaming Authority Pulls Three Mob-Linked Licenses

      In an interesting move, the director of Fenplay Ltd was arrested recently because of his connection with the 'Ndrangheta betting network. Vincenzo Giuliano was arrested along with 27 others in this investigation of the Italian mafia. Along these lines, Fenplay has seen its license suspended by the Malta Gaming Authority, and they have been told to stop all activities. Players are able to email the Malta Gaming Authority at support.mga@mga.org.

      Read full article
    • 14 November 2011

      Get a 25% Reload Bonus and a 100% Marvel Bonus at bet365 Casino!

      Two days only! UK players can get a 25% reload bonus up to £100 free on games and 100% up to £250 free on Marvel slots, on 15th Nov. and 16th Nov. at bet 365 Casino! Play football slots in bet365 casino’s Games section with your 25% reload bonus on 15th November 2011, and on 16th November get 100% up to £250 free to play Marvel slot games. Read the information on both great offers in our bet365 casino promotions review.

      Read full article