The parent company of Australia’s largest bookmaker, Sportsbet, has warned its local offshoot will continue to lose money after revealing a 27 per cent decline in earnings for the last financial year.
Sportsbet chief executive Barni Evans did not rule out job losses at a company town hall last week, which was held after global parent Flutter revealed local revenue of $US1.4 billion ($2.2 billion) for the year ending December 31, a decline of 7.1 per cent.
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Zoe Samios covers wagering and the business of sport from the AFR's Sydney newsroom. She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian. Connect with Zoe on Twitter. Email Zoe at zoe.samios@afr.com
