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Sportingbet dips into loss despite top line growth

30th November 2011 9:20 am GMT

Online gaming operator Sportingbet plc has reported a 35 per cent increase in the amount spent by customers during its first financial quarter ended October 31st.

Customers wagered a total of £693.7m in the three month period, up from £513.9m a year ago, with net revenues climbing 17.2 per cent to £59.9m.

Australia now represents the largest market for Sportingbet in terms of amounts wagered with spend rising from £204.2m in the comparable period last year to [...]

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