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Poker weighs on otherwise solid Betfair results

29th June 2011 8:17 am GMT

Betfair Group plc said Wednesday that total revenues increased by 8 per cent to £368.6m for the year ended April 30th, with growth in sports betting and games offsetting a significant decline in its poker product despite its migration to the Ongame network last July.

Net gaming revenues (NGR) from Core Betfair, which includes the company’s betting exchange and its portfolio of sports betting, games and poker products, rose by 8 per cent to £326.6m following [...]

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