Betfred Delivers Strong Results

BETFRED DELIVERS STRONG RESULTS

02nd December, 2012 at 01:58:28
Source: http://www.azonlinecasinos.com

Pleased with expansion

UK bookmaker Betfred it reported to have turned in strong annual turnover and profits one year after taking over the State-owned Tote.

According to The Daily Mail, Betfred reported turnover of 4.8 billion, up from 4.1 billion a year ago. Gross profits rose from 181 million to 194 million and pre-tax profits amounting to 16.3 million, up from 15.5 million in its last fiscal reporting period.

A management statement said in the face of tough competition Betfred would maintain a tight control over overheads but was pleased with the Company's expansion.

The firm is reportedly facing a labour challenge with betting shop staff representative Community Union supporting former Tote staff who are bucking against signing new contracts that put their remuneration on the same terms as the rest of Betfred's employees.

Footnote: More information on the casinos at BetFred and Tote, both of which run on the Playtech platform, along with details on the BetFred soft games site, is available in the casino directory.

Related News Tags: , , ,



« News index »



BRITAIN'S UPPER HOUSE TO VOTE ON HORSE RACING LEVY TODAY (Update)

29th March, 2017 at 19:48:16
Horse racing industry could benefit to the tune of GBP 30 million from changes that include online operators.

ATTEMPT TO STIFLE GAMBLING ADVERTS IN AUSTRALIA FAILS (Update)

29th March, 2017 at 19:48:16
Xenophon private member's bill rejected by Senate Estimates Committee.

SPORTECH FULL YEAR 2016 RESULTS

29th March, 2017 at 15:16:22
Results fail to impress but transformational period positions company for growth, Board believes.

PLAYTECH'S BGT SPORTS EXTENDS BOYLESPORTS DEAL

28th March, 2017 at 19:47:54
Four-year agreement includes installation of additional 325 terminals

NEW TELEVISION ADVERT FROM ONLINE CASINO

28th March, 2017 at 19:47:54
PlayOJO.com begins major marketing push in UK.