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Betfred pulls out of Australian market just months after launch

2nd December 2014 8:35 am GMT

UK betting and gaming operator Betfred has shut down its online and mobile sportsbook offering in Australia, despite only launching the products in July of this year.

Betfred announced that its Australian operations ceased trading yesterday (December 1st), with all customer funds to be returned to the bank account registered to each customer's account.

The company’s managing director John Haddock commented that following a review of the business, it was decided that the market had become overpopulated.

“[We] [...]

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