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Betfair posts first annual loss in over a decade

27th June 2013 8:35 am GMT

UK-listed gaming operator Betfair has posted its first annual loss in more than a decade after incurring impairment charges of £82.4m and restructuring costs of £19.4m during its financial year ended April 30th.

Revenues for the year amounted to £387.0m, slightly ahead of the company’s previous guidance range of £370m to £385m but marginally below last year’s total of £389.7m.

Betfair said that the impact of regulation in Greece, Germany and Cyprus and the withdrawal of its [...]

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