Reading time 1:48 min
Online betting giant bet365 has announced £2.8 billion ($3.4 billion) in 2024 revenue, corresponding to the financial 🏵 year ended March 27, a figure that implies a 2.9% increase from the prior-year period. However, increased customer acquisition costs 🏵 in new markets led to an almost 90% drop in profit, which totaled £49.8 million ($60 million) – down significantly 🏵 from the £469 million ($565.8 million) profit reported in the prior-year period.
While sports betting revenue declined by 2% year-on-year, gaming 🏵 revenue climbed by 25%. The decline in sports gaming revenue was margin-based, as the total amount wagered increased during the 🏵 period, and the number of active customers rose by 48%.
As for the sharp drop in profit, the gambling giant primarily 🏵 attributes it to £320 million ($386 million) in extra administration expenses, which include advertising in new markets and investment in 🏵 IT infrastructure and technology. Recent launches for the brand include Buenos Aires, Argentina; Colorado, US; Ontario, Canada; and the Netherlands.
Elsewhere 🏵 in its report, the company noted staff numbers for the period rose to almost 6,100, up from 5,400 in the 🏵 prior financial year, meaning staff costs were also up. However, some of this was offset by lower pay for directors, 🏵 including chief executive Denise Coates — the company’s highest-paid director —, who received £213.4 million ($257.6 million), down by 16.5%.
joguinhos de apostas sitemap endereço:2233 Avenida Vereador José Monteiro,23- Setor Nova Vila, Goiânia GO Brasil Contate-nos:+55 31 937136721
Home | Custom Doors | Standard Doors | Windows | Glass | Online Quote | Contact Us