Profits jump at Betfred as UK gamblers’ losses mount
by Jasper Jolly from on (#6CTQ2)
Company made after-tax profits of 20m as wagers rise sharply across industry
The bookmaker Betfred has reported a jump in profits as gamblers' losses mounted after the end of coronavirus restrictions.
The gambling company made profits after tax of nearly 20m in the year ending on 25 September 2022, up from just over 5m the year before, according to newly published accounts at Companies House.
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