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Record first half for Betfair as profit soars 156%

14th December 2011 9:17 am GMT

Betfair Group plc has reported a 1 per cent increase in total revenues to £191.3m for the six month period ended October 31st, as growth in sports betting offset declines in games and poker, with the company confirming that it expects to roll out a new and improved version of its website in the New Year.

Net gaming revenues (NGR) from Core Betfair, which includes the company’s betting exchange and its portfolio of sports betting, games [...]

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