Bet365 Casino Posts Excellent Profits
Bet365, the online casino that is frequented regularly by South African gamblers and others from around the world, recently posted excellent financial numbers. The operator said that operating profit was £212 million (R3,870,000,000), and that strong mobile performances pushed its turnover to over £1 billion for the first time. All in all, there was a 38% rise in turnover compared to the last year, ending March.
According to Denise Coates, the chief executive of Bet365, sports betting performed exceptionally well, especially mobile sports betting. She said that the company continued to invest strongly in new products, which meant that the numbers saw significant growth as a result.
“The customer experience and choice was further enhanced through the introduction of the ‘Cash Out’ functionality to a wide range of sports markets,” said Coates. “The In-Play offer was developed with a new version being released in December 2013. ”
Across the board, Bet365 performance improved, including turnover, the amount wagered by players, gross profit, operating profit t and profit for the period.
Bet365 online casino arm, which runs the Bet365 Casino brand, saw revenues grow 17% year on year. Casino and games performed very well, with the company adding 100 new titles to its portfolio in 2013. Once more, mobile gaming played a big part in these numbers, with players heading to Bet365 Mobile to play casino games, poker games and bingo games.
Bet365 continued to take its corporate responsibility very seriously and announced that it has donated over £105.5 million to the Bet365 Foundation, which is a registered charity in the United Kingdom. “The bet365 foundation was set up to help make a positive difference in the lives of others,” said Coates. “This year we’ve had the honor of supporting 20 charities to deliver much needed assistance around the world and look forward to helping many more in the years to come. ”
Bet365 carries many games that are sure to suit all types of players. These include slot games such as Sherlock Mystery, The Three Musketeers, Battle of the Gods, Iron Man 2 and more. Card and table game fans will also find plenty of action, including roulette, blackjack and more.
Bet365 Casino is licensed by the Gibraltar Licensing Authority and regulateid by the Gibraltar Gambling Commission.