Financial News

Online betting operator bet365 has revealed an annual loss of AUD$10.9m from its Australian operations, despite posting a 64 per cent increase in revenue for the year ended March 27th.

Hillside (Australia New Media), which trades as bet365, reported a 21 per cent increase in amounts wagered to $2.5bn for the year.

“Customer numbers increased from the previous financial period demonstrating that the product offering is gaining momentum in the market, supporting the directors’ view that over the longer term the company will become profitable and, therefore, deliver a positive financial contribution to the group,” said the company.

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