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Betfair heads to Gibraltar following solid third quarter

8th March 2011 9:00 am GMT

Alongside posting a 6 per cent increase in Core Betfair revenues to £77.0m for the third quarter ended January 31st 2011, Betfair Group plc said Tuesday that as of tomorrow its betting exchange will operate under a Gibraltar licence, which the company claimed will allow it to compete on a level basis with rival sports betting operators also based outside of the UK.

Net gaming revenues (NGR) from Core Betfair, which includes [...]

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