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Online decline weighs on Betfred as operator posts £91m annual loss

6th July 2016 8:32 am GMT
Betfred

Independent UK bookmaker Betfred has revealed an operating loss of £76.7m in its most recent financial filings, with results impacted by a significant decline in earnings from its online business.

For the year ended September 2015, the company generated turnover of £10.4bn, although this was down 21 per cent versus the comparable period (which covered a 78 week period).

On an annualised gross basis, Betfred said that turnover had “significantly increased” across the business as a result [...]

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