Betfred Reports Strong Full Year 2016

Founder pockets GBP 10 million dividend

Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.
The fiscal report for the 12 month period ending September 24, 2016 revealed almost GBP 11 billion in wagers, turnover of GBP 455,851,000, EBITDA of GBP 80,884,000 and profit after tax of GBP 23.1 million (FY2015: a loss of GBP 91.1 million).
A company statement filed with the UK Companies House attributes the company's success to an increase in both customers and stakes per bet.
The filing records payment of a horse racing levy of GBP 10.2 million and a further GBP 10.2 million dividend which was paid to founder and owner Fred Done, a tidy addition to his GBP 1.3 billion fortune.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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