01
Dec
news image thumb

Sportingbet Posts Impressive Q3 Profits


Sporting Bet is the latest UK gaming provider to release their Q3 results for 2011. The report provides details for the three months leading up until the end of October and judging by initial reactions they’ve done pretty well.

Sportingbet’s profits are up 35% compared to the same period in 2010, an impressive increase which they attribute to mass growth in Australia and gains via their online betting site and casino site. Let’s look at the nitty gritty, namely the numbers involved which needless to say are massive.

Sportingbet’s Australian arm grew to £398.8 million which netted them post-betting tax profits of £22.5 million. They also gained £10.9 million more via their online ventures on a global scale. The full report has been placed online for all to see and it makes for interesting reading, the net result is that Sporting Bet has done very well over the past year.

This impressive increase came despite a 4.7% decrease in bets placed throughout Europe. Andrew Mclver, Sportingbet Chief Executive, remained upbeat about the companies growth going forward, he said “With the acquisition of Centrebet in Australia and the disposal of our Turkish-language website, we are making good progress towards our goal of deriving the majority of our revenues from regulated territories. The early signs from our enlarged Australian business are very encouraging and we look forward to making further progress there during the coming year”.

 

Categorised Under: General Gambling News
User Rating
User Rating
0 Comments

Leave A Comment

Site Of The Month
Guts Casino


Guts Casino brings new games from BetSoft, Net Ent, Microgaming and IGT. New players can claim up to £300 and 100 free spins when they join guts.com.
Featured Site
Leo VegasFeatured
Casino Site

October 2015

Leo Vegas obviously believe that variety is the spice of life because they offer players games from four of the best casino software suppliers. They also extend a rather generous sign up offer to all players, so you know...
Last Visitor

Suvadeep Paylituzu Elkomandante Phenvargas Sbothai MaryDom Choosay WallaceM Heng Luis
Newsletters
Signup for your email updates.Get special offers, news, competitions and more!
Forum
Re: What is Asia Live Tech's iGaming Revenue Sharing Pool?
"We make a living by what we get, but we make a life by what we give. [color=#DCE9FE:1peb4r4r]s"

What is Asia Live Tech's iGaming Revenue Sharing Pool?
"One of the most revolutionary aspects of the modern iGaming industry is Asia Live Tech’s iGaming Revenue Sharing Pool program. The basic premise is that on top of the operator"

Inside Casinos Reviewer
New Casino Sites

New online casinos are the lifeblood of the gaming world. This is the reason we search long and hard for the newest casino sites, making connections with operators to ensure we bring you them first.



Take a look
Casino competition

Every month we run a free casino competition, you can enter these competitions by visiting their respective page.

Prizes for the home, casino chips, electrical items - we giveaway them all!

 



Take a look
Free Casino Reviews

The online casino scene is booming which is why it's so important to do your research before choosing a casino site to call home. Read the latest casino reviews arranged alphabetically.



Take a look
Internet Casino

The rise of the Internet casino market in the UK is great news for gamblers. Internet casinos are doing their best to attract new players to their sites with no deposit casino offers and promotions.



Take a look