Betfred

OverviewSuggest Edit

Betfred (also known as Petfre (Gibraltar) is a bookmaker which provides a portfolio of online, mobile betting, and gaming. The company operates a number of betting shops. It also sponsors racing, snooker, and other sports competitions.

TypePrivate
Founded1967
HQBirchwood, GBMap
Websitebetfred.com
Employee Ratings2.6More
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Latest Updates

Employees (est.) (Jan 2021)1,964
Revenue (FY, 2018)£727.6 M(+15%)
Cybersecurity ratingCMore

Key People/Management at Betfred

Fred Done

Fred Done

Founder and Chairman

Betfred Office Locations

Betfred has offices in Birchwood and Gibraltar
Birchwood, GB (HQ)
56-58 Benson Road
Gibraltar, GI
5, 2 Waterport Rd
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Betfred Financials and Metrics

Summary Metrics

Founding Date

1967
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Betfred Revenue

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Betfred's revenue was reported to be £727.63 m in FY, 2018
GBP

Revenue (FY, 2018)

727.6m

Gross profit (FY, 2018)

573.0m

Gross profit margin (FY, 2018), %

78.8%

Net income (FY, 2018)

(40.7m)

EBITDA (FY, 2018)

(249.0k)

EBIT (FY, 2018)

(41.4m)

Cash (30-Sept-2018)

58.6m
GBPFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

331.5m414.4m729.2m525.9m578.7m634.5m727.6m

Revenue growth, %

10%

Cost of goods sold

35.8m52.0m136.1m105.6m122.8m136.4m154.6m

Gross profit

295.8m362.4m593.1m420.2m455.9m498.1m573.0m
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GBPFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

37.7m23.6m41.3m42.2m43.0m60.2m58.6m

Accounts Receivable

3.2m557.0k2.2m3.9m5.6m3.2m2.4m

Prepaid Expenses

12.4m20.6m

Inventories

15.0k15.0k18.0k435.0k
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GBPFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(6.4m)14.5m6.1m(91.1m)23.1m(28.7m)(40.7m)

Depreciation and Amortization

41.4m91.7m

Inventories

(3.0k)

Accounts Payable

191.0k22.1m
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GBPFY, 2012

Debt/Equity

0.5 x

Debt/Assets

0.1 x

Financial Leverage

6.5 x
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Betfred Operating Metrics

Betfred's Betting Shops was reported to be 1.7 k in FY, 2017.
FY, 2016FY, 2017

Betting Shops

1.36 k1.67 k

Amounts Wagered

£10.85 b£12.68 b
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Betfred Cybersecurity Score

Cybersecurity ratingPremium dataset

C

74/100

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Betfred Online and Social Media Presence

Betfred's Trends

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Betfred News and Updates

November 24, 2020

Iowa Regulator Fines PointsBet, Betfred over Self-Ban Violations

Two sports betting operators have been hit with fines by the Iowa Racing and Gaming Commission over similar violations of the state’s self-exclusion gambling rules, Radio Iowa reported Monday. Brian Ohorilko, administrator of the state racing and gambling regulator, said that PointsBet and Betfred w…
November 20, 2020

Betfred Enters Pennsylvania with Wind Creek Bethlehem Sportsbook

Wind Creek Hospitality this week launched its first-ever retail sportsbook through a partnership with Betfred USA Sports, the US division of British bookmaker Betfred, that the casino operator signed early this year. The Betfred Sports betting facility had a soft opening this past Wednesday at Wind …
October 19, 2020

Man Sues Betfred for £2 Million after Bookmaker Denies Hefty Payout

A British man who won £1.7 million from major bookmaker Betfred in 2018 only to be denied his winnings is seeking a summary judgment in the High Court, saying the two and a half years after his big win have felt like “hell on earth.” Andy Green from Lincolnshire said he hit a jackpot playing […] The…
September 30, 2020

Betfred Adds Skrill as Payment Method in Iowa

Global payments company Paysafe has extended a long-standing partnership between its Skrill digital wallet and Betfred to now include the UK bookmaker’s Betfred USA Sports subsidiary. As part of a recently signed agreement between Betfred and Skrill, which builds on their previous collaboration, the…
August 27, 2020

Betfred Makes R925 Million Offer for Troubled South African Racing Operator

British bookmaker Betfred has confirmed earlier reports that it is interested in buying struggling South African horse racing and sports betting operator Phumelela Gaming and Leisure. Phumelela announced earlier this week that Betfred has made an offer to buy all of the South African company’s asset…
July 16, 2020

Betfred to Run Sportsbook at Mohegan Casino at Virgin Hotels Las Vegas

Mohegan Gaming & Entertainment has selected Betfred USA Sports as the operator of a sports betting facility within its planned Mohegan Sun Casino at Virgin Hotels Las Vegas under a strategic alliance announced this week by the two companies. Betfred USA Sports is the US division of British bookm…
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 Betfred Frequently Asked Questions

  • When was Betfred founded?

    Betfred was founded in 1967.

  • Who are Betfred key executives?

    Betfred's key executives are Fred Done.

  • How many employees does Betfred have?

    Betfred has 1,964 employees.

  • What is Betfred revenue?

    Latest Betfred annual revenue is £727.6 m.

  • What is Betfred revenue per employee?

    Latest Betfred revenue per employee is £370.5 k.

  • Who are Betfred competitors?

    Competitors of Betfred include William Hill, bet365 and LeoVegas.

  • Where is Betfred headquarters?

    Betfred headquarters is located at 56-58 Benson Road, Birchwood.

  • Where are Betfred offices?

    Betfred has offices in Birchwood and Gibraltar.

  • How many offices does Betfred have?

    Betfred has 2 offices.