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Betfair shares hit new high on FY13 update; acquisition plans

7th May 2013 10:25 am GMT

UK-listed gaming operator Betfair said Tuesday that it intends to pursue a strategy of targeted acquisitions to grow its domestic and international presence and to close product gaps, as revenues for the financial year ended April 30th exceeded its previous guidance.

In a trading and strategy update released Tuesday, Betfair said it expects revenues for the year ended April 30th (FY2013) to amount to £387m, higher than the £370m-£385m guidance issued in December 2012 but marginally [...]

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