Latest News
Bet365 Reports Revenue of £2.85bn for 2021-22

Bet365 has reported revenue of £2.85bn for 2021-22. That’s a rise of 2.9% year-on-year. However, operating profit fell by 87.8% to £41.7m due to the cost of customer acquisition in new markets.
Sports betting revenue was down by 2% due to margins (wagers were up by 48%) but gaming revenue rose by 25%. However, marketing costs grew by 1.4% to £496.8m and administrative expenses by 18.2% to £2.31bn due to “significant costs associated with raising brand awareness in new markets alongside continued investment in IT infrastructure and technology”.
Staff costs rose, with the number of staff rising from 5443 to 6092, although CEO Denise Coates took a 16.5% pay cut, receiving a mere £213.4m. Pre-tax profit was £76.1m.
Factoring in a £26.2m loss from Stoke City Football Club, the group made a pre-tax profit of £49.8m. Total profit was down 89.8% at £42.8m.
-
eSports7 days ago
Esports World Cup Foundation Confirms Full Game Lineup, Schedule, and Club Championship Rules for EWC 2025
-
Press Releases7 days ago
BonusFinder Launches Practical Player Guide to Mastering Online Casino Bonuses
-
Latest News7 days ago
Midnite creates free limited-edition beer for fans to enjoy at World Snooker Championship
-
Latest News7 days ago
GR8 Tech Powers Smarter Betting with New Match Trackers
-
Latest News7 days ago
The Free Bet Wheel: Betting.bet Increases Player Engagement with New Gamification Tool
-
Asia7 days ago
100 Exclusive Product Launches to Debut at G2E Asia + Asian IR Expo
-
Latest News6 days ago
ACR POKER’S NEXT HIGH STAKES ADVENTURE TAKES PLAYERS TO MONTENEGRO FOR PRESTIGIOUS SUPER HIGH ROLLER SERIES
-
Latest News7 days ago
BetMakers Signs New Deal with Hollywoodbets in South Africa