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Betfred posts £71.7 million annual loss

10th July 2024 7:19 am GMT

British bookmaker Betfred Group has recorded a 26 per cent increase in turnover to £908.0 million for the financial year ended 1 October 2023, driven by growth from its online operations.

Retail gambling turnover increased by 3 per cent to £577.0 million during the year, while online gambling turnover nearly doubled to £331.0 million.

This included turnover of £133.9 million from the acquisition of a 51 per cent stake in South African online operator Lottostar in October [...]

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