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Business
October 14, 2024
BOXXER Forms a Strong Partnership with Betfred
BOXXER, a world-class boxing promotional company, has formed a new partnership with Betfred, one of the United Kingdom’s largest operators. As a trusted and respected brand, Betfred will be a valuable entry in BOXXER’s list of operator partners. BOXXER Will Promote Betfred’s Brand BOXXER, which was founded in 2018 by Ben Shalom, a prominent entrepreneur […]
Business
October 4, 2024
Betfred to Exit Virginia Too as Its Departure from Arizona Looms
Betfred has announced its exit from yet another US market amid an ongoing downsizing of its business in America. The latest state where the sports betting operator’s products will no longer be available is Virginia where it officially stopped taking bets on Tuesday. The Company Struggled in Virginia Betfred has been gradually exiting the US […]
Business
September 23, 2024
Betfred to Exit Arizona in November as US Downsizing Continues
Betfred is continuing the downsizing of its American business, which is in line with the company’s earlier announcements. The operator has now confirmed that it will leave Arizona before the end of the year. Betfred to Put an End to Its Operation in the Grand Canyon State On Thursday, Betfred said that it will exit […]
Sports
August 19, 2024
Betfred Hints at US Exit and Additional Downsizing
UK-based gambling operator Betfred has had a busy July. After reporting a pre-tax loss of £71.7 million ($91.7 million) for the year ending October 1, 2023, which marked a significant drop from the previous year’s profit and being slapped with fines over several anti-money laundering and social responsibility failures, the operator stopped its sports betting offerings […]
Business
July 10, 2024
Betfred Reports Loss Despite Nearly Doubling Online Gambling Revenue
Betfred’s online gambling operations have grown significantly, but the company reported a pre-tax loss of £71.7 million ($91.7 million) for the year ending October 1, 2023 – a massive swing from its £19.6 million ($25.1 million) profit in the previous year. Betfred’s Turnover Climbs 25.6%, Driven by 99% Surge in Online Revenue Overall turnover at […]
Sports
June 21, 2024
Betfred Exits Maryland After Ranking 10th in Mobile Handle in May
Sports betting operator with over five decades of experience that owns and operates over 1,600 betting shops in the UK and a best-in-class online casino and betting product in the UK and Spain, Betfred, has announced its decision to exit the state of Maryland. The British gambling company’s decision covers both the Old Line State’s […]
Business
May 15, 2024
Betfred Integrates Sharp Gaming as Its New Technology Department
Betfred, a leading player in the UK gambling industry, has officially rebranded Sharp Gaming, the Warrington-based firm it acquired in 2021, as its new technology department. This rebranding follows the successful migration of Betfred’s online customers onto a unified proprietary platform developed by Sharp Gaming, marking the culmination of years of hard work. The Integration […]
Business
April 30, 2024
Sharp Gaming Migrates to Betfred, Rebrands to Betfred Technology
Sharp Gaming is a technology developer focusing on the gambling sector which launched seven years ago. Since then, the developer has benefitted from more than £100 million ($125.2 million) in funding from Betfred’s chairman, Fred Done, culminating with the absorption of Sharp Gaming by Betfred. The strategic migration was completed last week and as a […]
Industry
January 29, 2024
The Dones and the Coates Rank among UK’s Biggest Taxpayers
Gambling industry representatives have once again appeared at the top of The Sunday Times’ Tax List. The 2024 edition of the list shows that the owners of Betfred and bet365 occupy two of the five top spots. Outclassing celebrities such as Harry Potter author J.K. Rowling (31st place) and singer Ed Sheeran (32nd place), Fred […]
Industry
January 5, 2024
Betfred Extends Epsom Partnership, Pledging Enduring Support
Betfred, the renowned UK-based bookmaker, has extended its partnership with The Jockey Club, further solidifying its support for The Derby Festival, set at Epsom Downs. The renewed collaboration secures Betfred’s involvement with The Jockey Club until at least 2026 and should be welcome news for fans of the sport. The Two Parties Strengthen Their Collaboration […]
