Newcastle software firm Bede Gaming’s profits fall despite rising revenues

North East software developer Bede Gaming saw profits fall in its most recent accounts, despite turnover rising to almost £25m on the back of work for its Canadian subsidiary.
The Gosforth-based firm develops and markets online gaming platforms for operators of casino, sports betting and lottery offerings. It secured significant backing in 2020 when German business Gauselmann Group acquired a majority stake for an undisclosed sum.
The deal opened doors on new opportunities for Bede, which also has bases in Bulgaria and Canada, including entry into German markets, triggering what it described as a transformational period in which its turnover more than doubled in the fi …