The scaling back of Betfair's operations in certain European markets, combined with a strong comparable period last year, has led to a 13 per cent fall in revenue for the company's financial first quarter ended July 31st.
Betfair's decision to exit or reduce its product offering as a result of regulatory changes in certain markets, primarily Cyprus, Germany, Greece and Spain, together with a positive contribution from the Euro 2012 football tournament in the comparable period [...]
