Posted on October 11, 2016 by staff

Rocketing revenues at Sky Betting & Gaming


Sky Betting & Gaming has reported rocketing revenues and customer numbers.

The Leeds-based online gambling business announced that revenues climbed 51 per cent to £373.6 million in the year leading to June 30.

In the same period, customer numbers reached almost two million from 1.48m.

“2015/16 has been another excellent year for the business and we are pleased to have delivered this strong performance despite some unprecedented pay-outs including an extremely generous Cheltenham Festival offer and a pay-out of around £5m on Leicester City winning the Premier League,” said chief executive Richard Flint.

“We have continued to invest in both our technology and mobile platforms from our base in Yorkshire and our Super 6 product has successfully launched in Italy since the period end.

“Our strong momentum has continued into the current financial year and we are excited about the opportunities ahead both in the UK and internationally.”

Sky Bet’s Software Academy recently welcomed its first intake of 27 technology graduates.

West Yorkshire ‘unicorn’ Sky Betting & Gaming, founded in 2001, was valued at £800m when a majority stake was sold to CVC Capital Partners in 2014.

CTO Andy Burton told a BusinessCloud roundtable that he considered moving the firm to Manchester – but is glad he didn’t after hiring 150 people in the tech team in 20 weeks.

Sky PLC retains a 20 per cent stake in Sky Betting and Gaming, which now employs 818 people.