iGaming Business – Online gaming operator Bet365 is to target further growth after recording a significant year-on-year increase in operating profit during the 12 months to March 31, 2014.

In its latest set of financial results, the operator reported sports and gaming operating profit of £320.9 million (€403.5 million/$550 million) in the last year, an increase of 81.5% on the £179 million it achieved in the previous year.

Bet365 also reported a 38% year-on-year increase in revenue to £1.3 billion. In addition, Bet365 said its customers wagered more than £26 billion over the 12 months, a year-on-year increase of around 36%.