​The profit of Bet365 during the year has grown almost to £450 million

23 September 2016

The online bookmaker Bet365 has published the financial report for the period of one year (the period that ended on the 27th of March 2016). The profit of the company has grown by 10% and is £448 (more than $582 million).

In April 2016 Coates family – the owner of Bet365 – has taken 24th line in the top list of richest men of Great Britain

According to the report, revenue of Bet365 has grown by 5% in comparison with the similar period of last financial year and is £1.55 billion (more than $2 billion) as CalvinAyre writes.

Betting turnover has increased by 6% and reached £37 billion (more than $48 billion) despite the fact that the previous financial year included also the FIFA World Cup 2014.

Revenue from live-betting is 72% of the total revenue sum that was gained by the company thanks to sport betting. At the same time, revenue gained by mobile betting has increased by 36%.

In April 2016 Coates family – the owner of Bet365 – has taken 24th line in the top list of richest men of Great Britain. The income of the family is considered to be £3.8 billion ($5.4 billion).

Read also: Malta will fight for the right of online bookmaker to accept bets in Europe in accordance with its license

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