Key points:
- A report from the Guardian indicates bet365’s owners could be eyeing a sale
- The Coates family has reportedly been in talks with Wall Street banks and US analysts
- The company is currently valued at around £9bn ($12bn)
The Coates family is considering a large-scale sale of bet365 – according to recent reports.
Indeed, suggdestions that the operator has been engaging in talks with both US advisers and Wall Street banks about a partial or full sale of the business has led to speculation around the company’s future.
A partial sale of the company to a private equity firm has – according to the Guardian – been considered as one of many options by the family, with another being floating the company as an initial public offering (IPO) listing on the US stock market.
Following a lucrative full-year 2024 period which saw the operator turnover £3.72bn - up 9% year-on-year – the operator completely withdrew from the Asian markets such as China in March, as part of a move that has since seen additional focus drawn on the Americas.
As such, March saw the operator expand its US presence via market entries into both the Tennessee and Illinois state markets, following on from its Peruvian debut in Q4 2024.
Aside from Hong Kong and Macau, China is a wholly unregulated market – with many in the industry seeing it as a ‘dark grey’ landscape.
Good to know: Currently, bet365 is valued at around £9bn ($12bn)
Presently, the operator yields a presence within 13 US states, as well as a strong foothold in the UK and other global markets.
With regard to this latest potential sale, Gambling Insider has contacted bet365 for comment.
