Betfred said it would continue to review loss-making shops and consider them for closure. The annual accounts showed that Betfred closed 51 shops during the period, leaving it with a network of 1,419 locations. The brothers’ fortune was worth £1.87bn in May, putting them 93rd on the list of Britain’s richest people, according to the Sunday Times. They grew their gambling empire after opening their first betting shop in Salford in 1967 using winnings from betting on England’s victory in the football World Cup a year earlier. The Done brothers, Fred and Peter, first worked for their father’s illegal bookmaking business. However, it remained short of the £10.1bn bet in 2019, before the coronavirus pandemic.īetfred’s billionaire owners, the Done family, paid themselves a £50.8m dividend in November 2021 as an increase in online gambling helped the firm remain profitable, although the company reported no further dividend payments during 2022.

Betfred’s turnover grew by nearly £200m in the year to 25 September 2022 to reach £723m.īetfred customers wagered £8.8bn in 2022, a sharp increase on nearly £7bn the year before. Gambling shops were among the last to reopen in the UK during the pandemic, but since then their sales have risen sharply.

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