RE: RNS....2 May 2024 18:11
Someone below is correct in saying BET is a startup. Well established betting companies make 5-6%. If BET turns over £10m in year one, which it won't, that is only 500k profit of which MOS would have only 100k. This is theory as in year one there is so much marketing, introduction offers to entice users, promoters to pay, most betting companies make losses to grab market share. We know ME loves to pay for market share, that old chestnut! So nothing new is going to happen for a few years as this venture will keep needing cash. People are almost saying launch BET and instant cash generative which is ludicrous.