Tag: Betfair

Betfair became the focus of a Financial Times investigation in July - which it claims ultimately led to one “broker” closing its business with the site.

The Advertising and Standards Agency found that gambling ads from four UK operators were cropping up in Looney Tunes World of Mayhem - an app with a 7+..

Crown Resorts has reported net profit for FY17/18 exceeded expectations, rising 12.7 percent to $287m, $20m above analyst predictions. An 81.8 percent increase in digital revenue, driven by recent acquisitions Betfair Australia and DGN Games…

Meadowlands Racetrack has confirmed that Daily Fantasy Sports provider FanDuel will provide the sportsbook for its sports betting operations. The New Jersey race circuit, which partnered with Betfair US in June, opened ten new teller windows for sports betting…

Shane McLaughlin, managing director at BETDAQ, describes the current state of the exchange sector and how the firm is closing the gap between what’s on offer and what punters really want. iGaming times: How would you describe the level of competition in the exchange

The hugely anticipated Mayweather McGregor fight that takes place on 26 August has reportedly smashed the record for amount wagered on a fight says Betfair. The gambling company’s exchange market details that £20m has been bet alone through them already beating the previous total boxing betting record of £8.9m that was set when Mayweather clashed with Manny Pacquiao in 2015. Betfair...

Betfair has confirmed it will offer the first-ever professional drone race betting at DRL Allianz World Championship following a new agreement with the DRL.   The Drone Racing League (DRL), the global leader in professional drone racing, has partnered with Betfair to offer race betting at the final race of the Allianz World Championship circuit next Tuesday, 13 June at Alexandra...

A report from Paddy Power Betfair Plc for Q1 2017 has recorded 23% revenue increase and a key growth driven by sports for the company.   Paddy Power Betfair plc has announced a trading update for the three month period ended 31 March 2017 with key growth driven by sports in Q1 2017. Revenue up 23% to £416m (up 15% in...

2016 was a strong year of growth for one of the leading sports betting and gaming groups in the world, Paddy Power Betfair PLC, according to its year-end results.   Paddy Power Betfair Plc, has announced its preliminary results for 2016 showing solid revenue growth and key integration actions completed with ongoing synergies of £65m. The company’s total revenue increased by 18...

A new lobby group for the Australian gaming industry has been formed and received backing of major operators in the territory.   A coalition of domestic and international online bookmakers have formed a new lobby group for the Australian industry, controversially headed by former Labor senator Stephen Conway, who quit his political post in September. Responsible Wagering Australia, that replaces the...

With an exchange price low of 2.9, Betfair have given Donald Trump a 34 percent chance of winning the election.   Betfair has announced that Republican candidate Donald Trump has hit his ‘lowest exchange’ price at 2.9. The Betfair exchange now gives Trump a 34 percent chance of winning the US Election on 8 November. In favour of Trumps White House quest,...