![]() bet365 expanded its payroll with more than 500 new employees, putting a significant dent in operational profits.ĭespite the unfavorable metrics, the extra expenditure is vital for securing a lasting presence in the American sports betting market. ![]() The primary reason for these poor metrics is the company’s skyrocketing administrative expenses relating to its increased focus on international expansion. Bet365 Marches On with US Expansion EffortsĢ022 was a turbulent year for Bet365 as the operator recorded a disastrous 95% slump in profits despite a marginal increase in revenue. This mutually beneficial deal will allow CDI to focus on its primary horseracing mobile wagering business. ![]() The UK-based operator will use CDI’s wholly-owned subsidiary Presque Isle Downs & Casino to launch in Pennsylvania after the necessary regulatory approvals. Churchill Downs Incorporated (CDI) announced that it has entered into a multi-year agreement with bet365.
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