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

Jan 6, 2025 · 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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Jan 6, 2025 · 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 Returns Business Back To Profits On Sports Prowess

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Jan 7, 2025 · Filing its corporate accounts for 2023/2024 with Companies House, Bet365 reported operating profits of £396m, reversing the previous fiscal year’s losses of £25m. For the year …

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FY2024 Bet365: Coates Takes 45% Pay Cut Despite £626m Profits

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Jan 7, 2025 · Notably, bet365 included Stoke City in its report for the year, having only detangled from the football club in July 2024. A £30m loss on the club’s part lugs down bet365’s revenue …

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Bet365 Sees Profit Return In 2023-24 With Strong US Market Entry ...

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6 days ago · Bet365 reports profit recovery in 2023-24, ... with profit before tax hitting £626.6 million ($782.97 million). However, the company’s Stoke City FC operations reported a …

igaming.org

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FY2024: Analysts Call Bet365's 9% Revenue Growth "disappointing"

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Jan 7, 2025 · The group’s gross profit climbed by 4.7% to £3.03bn, while operating profit from sports and gaming rebounded to £396.6m, recovering from last year’s operating loss of …

next.io

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Bet365 Boosts Workforce With 1,578 New Jobs After £600m Profit

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3 days ago · The profit is reduced to £596.3m once Stoke City's losses are taken into account. Meanwhile, turnover jumped from £3.41bn to £3.71bn. Billionaire bet365 boss Denise Coates' …

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Bet365 Owner Takes Pay Cut But U.S. Profits Soar - Covers.com

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Jan 7, 2025 · Coates’ pay cut comes as bet365 returned to making a profit in FY 2024, bringing in a pre-tax profit of £596.3 million ($747 million). In FY 2023, the company registered losses of …

covers.com

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Bet365 Reports Strong Growth In 2023-24 With Revenue Boost And …

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Jan 7, 2025 · The Stoke City FC division, however, recorded a loss of €35 million (£30.3 million), up from €14.5 million (£12.4 million) the previous year. ... Despite facing customer claims …

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Bet365 Back In The Black In Latest Financial Report - Covers.com

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Jan 7, 2025 · The book reported a £396.6 million operating profit compared to a £24.7 million loss in the ... bet365 still owned a controlling stake in Stoke City FC. The soccer team lost £30.3 …

covers.com

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Bet365 Reports Profit In 2023/24 Financial Year

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Jan 7, 2025 · 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 …

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

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Jan 7, 2025 · 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 …

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Bet365 Returns To Profit With Rising 2024 Revenues - Online Casinos

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Jan 7, 2025 · Bet365 said in its financial results, which were filed at Companies House, that its betting revenue rose by more than 10% during the 12-month period. Product improvements …

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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 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

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

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. ...

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 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. ...

How much money did Bet365 make a year?

Direct costs for sports and gaming grew more slowly than revenue, by 1.4% to £496.8m, leaving a gross profit of £2.30bn for Bet365, up by 2.7% from 2020-21. However, administrative expenses grew much more rapidly, by 18.2% to £2.31bn. ...

How much did Bet365 lose in 2022?

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. This was down £270.1million on the £285.5million operating profit in 2020/21. ...

Is Bet365 still a market leader in sports betting?

“Therefore, while Bet365 is still likely to be the market leader in in-play-led sports betting, it is far less likely to be a market leader in highly localised, multiples-led, pre-match-led, data-light, or gaming-led markets, which represents a dangerously expanding list.” ...