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Betfred owners cash in on a £10m jackpot, despite £40.7m in losses

"Lavada Perivolaris" (2022-08-26)


The billionaire family behind gambling group Betfred have paid themselves a £10 million dividend - despite the company making a loss of £40.7 million last year.

The betting giant, led by 76-year-old chief executive Fred Done, has now lost £69.4 million in two years, 뉴헤븐카지노주소 blaming a Government crackdown on controversial fixed-odds betting terminals (FOBTs).

Thefamily behind gambling group Betfred have paid themselves a £10 million dividend 

But Betfred, which was founded by Fred and 카지노사이트 his brother Peter in 1967, maintained a dividend of £10.2 million in both 2017 and 2018.

The pair already have a combined net worth of £1.25 billion, according to The Sunday Times Rich List.

The latest loss was driven by exceptional costs of £119.6 million, which the firm said primarily related to a writedown in the value of its betting shop business.

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Under the new FOBT rules, which came into effect in April, the maximum bet that can be made is £2. 

Previously it was estimated that betting shop customers could bet up to £100 every 20 seconds on electronic casino games like roulette.

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