Bet365 bets on future after losses hit $117m

Original article by John Stensholt
The Australian Financial Review – Page: 19 : 4-Aug-15

Bet365 has reported a loss of $A31 million for its Australian operations in the first quarter of 2015. The company lost $A40.8 million in the previous corresponding period. The accumulated losses of the UK-based wagering group’s Australian business are now $A117 million for its three full years of operation in Australia. The company is confident that its Australian business will become profitable in the long-term.

CORPORATES
BET365 GROUP LIMITED, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, SPORTSBET AUSTRALIA, WILLIAM HILL AUSTRALIA PTY LTD, FORBES INCORPORATED, CROWNBET PTY LTD, LADBROKES GROUP PLC

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