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Betfair revenue rises despite negative impact of regulation

11th September 2012 7:43 am GMT

The Euro 2012 football championship and continued growth in mobile betting helped Betfair achieve a 13 per cent increase in core revenue in its first financial quarter ended July 31st, while the poker and games segment put in a less impressive performance.

Euro 2012 generated revenue of £7.8m for Betfair while Andy Murray’s first Wimbledon final created the company’s biggest ever tennis market with bets of over £58m. This, together with an improvement in risk-sports margins [...]

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