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Phumelela revenue rises in H1 following fixed odds betting growth

13th April 2015 7:12 am GMT

South Africa’s Phumelela Gaming and Leisure has seen its operating profit from fixed odds betting soar 114 per cent in its interim results for the six months ended January 31st, following a 13 per cent increase in net betting income.

Total net betting income rose 13 per cent to R423m (€33m), driven primarily by growth in tote betting income on soccer, which grew 24 per cent year-on-year to R116m.

Revenue from fixed odds betting on sports other [...]

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