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Growth outside of Europe spurs Sportingbet as profits soar

5th October 2011 8:21 am GMT

In a year of significant progress for the company, which began with its settlement with the U.S Department of Justice last September and ended with the recent acquisition of Centrebet, Sportingbet plc has reported a 431 per cent increase in net profit to £20.7m for the year ended July 31st, despite a marginal drop in total revenues.

Amounts wagered grew by 4 per cent to £2,053.9m during the year, earning net gaming revenues (NGR) of £204.0m, [...]

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