Shares in Betfair Group hit a new 52-week high in London this morning after the UK-listed betting and gaming operator revealed a 22 per cent increase in revenue to £119m for its second quarter ended October 31st.

Ahead of a presentation for investors and analysts later today to discuss the operator’s product development and technology capabilities, Betfair said that the revenue growth was driven by a 30 per cent increase in active customers as well as favourable sporting results.

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