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Betfair sees mobile revenues double

10th April 2012 8:25 am GMT

Betfair Group said Friday that it is confident of meeting full year expectations after posting an 11 per cent increase in core revenues for the three months ended January 31st.

The company said that core Betfair revenues climbed 11 per cent year-on-year to £85.3m, with the betting exchange segment continuing to perform well and the value of mobile revenues doubling in the period.

Non-risk revenues from the exchange increased by 13 per cent in the period while [...]

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