Bet365 tops EGR Power 50 for ninth consecutive year
Stoke-headquartered firm powers clear of GVC Holdings in second while LeoVegas enters the top-10 for the first time
Bet365 has topped EGR’s Power 50 rankings for the ninth consecutive year, following yet another 12 months of strong organic growth from an already massive base.
The results will come as little surprise following the publication of the company’s recent financial results, with betting and gaming revenues up 26% to £2.72bn and profits up 33% to £682m.
“Not many companies walk the walk quite like bet365,” the Power 50 report notes. “The operator is notoriously media-shy, but its power and influence are unparalleled in the online gaming industry.
“Just ask New York casino owner Empire Resorts, which recently announced it had partnered with bet365 for sports betting in the state and promptly saw its share price increase by 70%.”
“In a way it’s a shame bet365 is so media-shy, because it’s got a phenomenal story to tell. Here’s a company that has built a world-leading technology business from scratch and has shaped an entire industry.
“One major European land-based bookmaker in the midst of overhauling its online business told his team recently: ‘Just build me bet365’. If only it were that easy.”
GVC Holdings climbed into the second spot on the rankings following another massive year of M&A, as it absorbed previous top-10 company Ladbrokes Coral.
The Stars Group also climbed into the top-three following its own acquisitions meaning Paddy Power Betfair slipped two sports from second to fourth.
New additions to the top 10 included Tipico – which shared its numbers exclusively with EGR under NDA – and LeoVegas which continued its meteoric rise of recent years.
The full rankings can be viewed here.
EGR would like to thank our partner BDO for its hard work in helping us compile the 2018 Power 50. BDO is the world’s fifth largest accountancy and business advisory firm and one of the leading service providers to the egaming sector.
The EGR Power 50 2018 rankings are sponsored by Kambi.
