Sportingbet back on a winning run - 2004-01-29
The ability of punters to lose money at the click of a mouse is turning out to be good business for Sportingbet. The online bookie and casino operator had its best-ever quarter to the end of December and now, finally unencumbered by its recent history
of bear raiders of the stock and problems with its US purchase, is promising annual growth of 20%.
The group said today it has 1.1m customers (100,000 in the UK) and, with a profit margin of roughly 9%, had pre-tax earnings of £9m in its third quarter.
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