Bet365 Profits 2017 Average ratng: 4,9/5 1559 votes
At the end of last week, bet365 reported it’s 2014 profits. The result did nothing to change the company’s reputation as one of online gambling biggest success stories.
They posted an operating profit of £320 million, up a lazy 80% on the previous year’s £180 million. This is for the year to 31 March 2014 so doesn’t include all this year’s World Cup betting action which will presumably bump things up further next year!
Great news for bet365. Stellar news for its shareholders, particularly the Coates family. Reassuring news for Stoke City F.C. Welcome news for the city of Stoke-on-Trent whose economic prospects seem to be increasingly reliant on the fortunes of this not-yet-15 year old private company that took on an extra 300 staff during the year to take their headcount to around 2,600, the majority of whom are employed in North Staffordshire. They are easily the city’s largest private sector employer.
Bet365 Profits 2017 New
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Not such great news for punters though! It’s stating the obvious to say that bet365’s gains are our losses.
Bet365 are first and foremost a sports betting company, so the bulk of this revenue would be from sports bets. Total betting handle for the year reached a staggering £26.5 billion. But no doubt their live dealer games have also contributed handsomely to the kitty.
If you’re up then good on you, and continued success. If you’ve given more than you’ve taken off the tables over the last year then you may be interested to know where your money has gone.
Denise Coates has taken most of it. By virtue of her majority shareholding she pocketed £48 million out of a total £85 million in dividends paid to Bet365 directors last year. Forbes added her to their billionaires list this year with an fortune estimated at $1.6 billion (£930 million).
Co-CEO and brother John Coates, as one of the company’s other major shareholders has also done very well for himself as has father Peter Coates.
Stoke City F.C. , purchased by Peter Coates in 2006 have also seen their fortunes improve, having managed to reduce annual losses from £31 million to just £5 million. It helps to have deep pockets in your corner!
Before you throw up all over your computer screen, let me give you some good news.
Some of your losses will find their way into the hands (or stomachs) of those less fortunate than the Coates family or Stoke City F.C. players.
Denise Coates has set up The Bet365 Foundation, a charitable foundation that supports around 20 organizations like Oxfam and local cancer agencies.
The foundation will receive a whopping £105 million distribution from company profits.
Feel a bit better about your donation now?
Bet365 Profits 2017
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OK.
Bet365 sees profits rise 92%, which is certainly great news for everyone involved. It’s great news for all of the customers who might be interested in getting an even better experience with them. It’s also certainly great for the people who rank highly within Bet365 itself. This is a company that is only going to increase in terms of its popularity and global influence.
Bet365 Profits 2017 2020
This is a company that already has more than 19 million customers. These customers are spread over around two hundred countries, which can seem astonishing. However, the online casino gaming industry truly is completely global by this point in time. It’s capable of reaching people in more than two hundred countries. This is particularly true for the websites and companies based in the United Kingdom that have been active for a long period of time.
Bet365 Profits 2017 2019
As of 2015, the revenue for this company was 1.5 billion GBP. The fact that this is a figure that has only increased should impress even a lot of cynical individuals. There is no doubt about the fact that this is a company that is on the rise. Many different online casino gaming companies within the United Kingdom have achieved a lot of progress over the years. The United Kingdom truly helped to create the world of online casino gaming, and it makes sense that many of the most successful online casino gaming companies are British.
However, it is still worthwhile to acknowledge that with this company and with many others within the United Kingdom, a great deal of the associated growth did not come from an increase in customers from the United Kingdom. The gamblers from around the world have helped to make companies like this expand. There has been a lot of growth with regards to the access to online casinos all around the world, and this has strongly helped many of the companies like this one over the course of the last few years.
John Coates and Denise Coates have been the CEO’s of this company since 2000. There have not been a lot of different management changes to this company, which is interesting to note. Under their leadership, this is a company that has managed to prosper. They were there nearly from the beginning, and that is often very positive to see.
Sometimes, companies will benefit after the management changes and becomes more modern. In other cases, the CEO’s that more or less started a given company will continue with that company, and they will be able to take it in the right direction consistently and throughout the history of the company. John Coates and Denise Coates seem like they have made a lot of progress regarding the progress of this gaming company.
In all likelihood, many of the online casino gaming websites that are successful now will only continue to travel in that exact same direction over the course of the next several decades. The industry as a whole should become stronger, which will continue to benefit a lot of individual countries.