Tag Archives: Companies House

Bet365 ready for UK adjustments as revenues return to +£3bn 

SBC News Bet365 ready for UK adjustments as revenues return to +£3bn 

Bet365 has declared an underlying loss of £60m for the financial year of 2022/2023, attributed to expanding its technology resources and growing its corporate headcount to over 7,600 global staff. The loss was detailed in the private company’s 2022/2023 accounts, which were published on Companies House, spanning a 52-week period up to 26 March 2023. Despite the loss, Bet365 reported …

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Betfred maintains profit results against severe 2020/2021 pandemic restrictions 

SBC News Betfred maintains profit results against severe 2020/2021 pandemic restrictions 

The management of Betfred has declared that it looks forward to a year of no business interruptions, helping its retail and online units benefit from normalised trading environments. Publishing its consolidated 2020/2021 financial report on Companies House, the Manchester betting group registered group profits after tax of £6m. The bottom-line result was matched against 2019/2020’s profits of £204m – a …

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£120m retail costs see Betfred report second year of corporate losses

SBC News £120m retail costs see Betfred report second year of corporate losses

Filing its 2017/18 corporate accounts with Companies House, UK bookmaker Betfred has declared an operating loss of £40 million. Publishing its corporate performance for the year-ending 30 September 2018, Betfred governance has attributed circa £120 million in ‘exceptional costs’ attached to retail writedowns, as the bookmaker is forced to adjust to UK betting’s FOBTs £2 wagering reduction. The results see …

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