4 Sep / 2021

Betfair revenue rises

first_img John Dunne Tuesday 8 March 2011 2:55 am whatsapp whatsapp Betfair revenue rises Show Comments ▼ More From Our Partners Kamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Share Betfair Group, the world’s largest betting exchange, said it was confident of delivering full year results within the range of market expectations after third quarter revenue rose 6.2 per cent.The group, founded ten years ago by one-time professional gambler Andrew Black and former JP Morgan derivatives trader Ed Wray, also said that its betting exchange would operate under a Gibraltar licence with effect from 9 March.Betfair said it had made a good start to the fourth quarter after reporting revenue of £77m in the three months to the end of January.“We are rolling out a planned series of major improvements to our sports betting product which will help drive revenue growth in Q4 and into 2012,” chief executive David Yu said in a statement.s.Betfair said its 73.5 percent-owned LMax exchange platform for online financial retail trading remained at an early stage of development and will update on its progress at the time of its full year results in June.Shares in Betfair were sold at 1,300 pence in an IPO last October and hit a high of 1,610 pence that month but their value has slumped on the back of fears over increased regulation of the betting industry. The shares closed on Monday at 887.5 pence, valuing the business at 954 million pounds.Betfair is not a traditional bookmaker but instead acts as an intermediary between gamblers wanting to place a bet or offer odds to others, taking a commission on their winnings.Britain’s two biggest traditional bookmakers, Ladbrokes and William Hill, both reported increased profits last month benefiting from strong performances from their online businesses. Tags: NULLlast_img read more