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DATE: May 26 2012
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Poker.co.uk - Poker News Archive

Wednesday 3rd October 2007

Betfair Names Operator of the Year

Online betting group Betfair took home top prize � Operator of the Year -- at the third annual eGaming Awards held recently at London�s Natural History Museum.

Betfair is a leading online betting exchange and lets punters choose their own odds and bet against each other even after an event has started. Last year�s football World Cup, the introduction of its �Zero Lounge� online casino and the re-launch of Betfair Poker has record numbers of users to its site. It now processes five million transactions a day and more than 300 bets a second.

Betfair topped the awards by publishing its latest results, which showed that its number of registered customers is now in excess of one million with active users up 57 percent to 443,300. Revenues of $364 million resulted in a 26 percent rise in underlying earnings to $96 million while one-off investments of around $24 million contributed to a fall in pre-tax profits to $50.6 million from $73 million last year.

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Source: OnlineCasinoNews

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