By 
Stoke Based Bet365, one of the biggest and most established gambling operators have recorded record profits this year, revenue reached an all time high of £2.98 Billion over the last twelve months.
Record Profits
For the year-end March 31st, the company’s profit had risen by 10%, from £2.71 Billion the year previous. Operating profit was also up from £682.2 in2018/19Million to £767.1 Million.Customer spending also rose in the last twelve months to more than £64.4 Billion a rise of 23% on last years figures.Bet365 owners Denise Coates CBE, John Coates and father Peter Coates received dividends of £92,5 million, up from £90 million the previous year. Mrs Coates maintains her position as the UK’s highest paid boss.Ms Coates commented on the financial report,“ On behalf of the board I am pleased to report that the group continued to experience significant growth during the period.“ Overall revenues and operating profit increased year-on-year. Amounts wagered on Sports increased by 23% while the number of active customers also rose by 23%.”
Plans For 2020
Ms Coates went on to reveal plans for Bet365 next year, an IT infrastructure and technology investment were priority. Moving forward, the investment in these fields will “enhance the flexibility and scalability to evolve with internal and external developments.”Bet 365 are well known for encouraging innovation in its offering, improving on existing products and new opportunities. These two factors encourage new players and helps with player retention.Over £10 million more was donated this year to the Denise Coates Foundation, supporting charitable causes.