FOURFOLD JUMP IN PROFITS FOR BOYLESPORTS
26 October 2007
Sports events run in favour of Irish bookie
Bookmaker Boylesports has reported a fourfold jump in
profits for the year to the end of June, helped by a run
of favourable sports results. Operating profits were
Euro 15.6 million, compared with Euro 3.9 million last
year, on a turnover which rose by 25 percent to Euro
629.3 million.
Boylesports said the Cheltenham and Aintree horse racing
meetings were particularly positive for the company,
which has 600 employees and was founded in 1989. The
bookmaker now has 113 shops, and CEO Daniel O'Mahony
says it is looking closely at expanding into the UK
market. This year the firm signed a sponsorship deal
with English Premiership club Sunderland.
O'Mahoney used the platform afforded by the results
release to disclose that Boyles in no longer interested
in doing a deal on Bet Direct with owner 32Red.com.
Speaking on the publication of his company results for
the year, the chief executive said: “We will not be
buying Bet Direct”.
Industry observers claim that the news leaves Stan James
as the leading contender to acquire the online
bookmaker.
Online Casino News courtesy of
InfoPowa
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