Legal Gambling USA

Online casino games, poker, sports and horse racing betting websites authorized in USA

Legal Gambling USA

Betfair wants to broaden its addressable market

December 4, 2013

Betfair overall revenue declined by 6% in H1, reflecting the recently lapped FY13 market exits. Its sustainable revenues that went up 11% in Q2 now represent 77% of total revenues.

“Betfair has continued to make progress against the strategic objectives we set out in December 2012 and has delivered a good first half performance.Our focus on regulated jurisdictions and Sportsbook-led acquisition continues to be successful. In the 12 months since we implemented this approach, the number of new customers acquired in the UK and Ireland is up 77%, said Breon Corcoran, Betfair’s CEO. We continue to see evidence that our Exchange and Sportsbook products are complementary, with 38% of sports betting customers using both products. This overlap is set to increase in the coming months following innovative developments to our bet matching technology, bringing the benefits of Exchange-based pricing to Sportsbook customers”.

Following cost reductions in the past twelve months, Betfair now operates as a leaner and fitter business, which means the company can reinvest to generate revenue growth. “Our sales and marketing budget is over £100m this year. This enables a top tier presence on Sky Sports, major investment in our online marketing capability and an exciting new partnership with Channel 4 Racing for 2014, he added. We are also investing in international opportunities. Our online casino launched in New Jersey on 21st November and, while regulatory processes are always uncertain, we have made good progress towards launching an Exchange in Italy. Notwithstanding this incremental investment, the progress we have made in the first six months means we expect underlying EBITDA for the full year to be between £82m and £87m”.

 


Online Casino News in USA

Double Your First Deposit at Pala Casino

February 27, 2020 — Pala Casino is giving New Jersey players a chance to receive up to $500 in free money with the Double Deposit promotion. Online gambling at Pala Casino is legal for all residents of New Jersey that ...

Pala Casino Comes Out With A Splash

February 21, 2020 — The Pala Casino has just now started to offer legal online casino services in New Jersey. It is a market that they had been hoping to approach for a long time, and now they have reached the point wh...

Golden Eagle Nominations Coming in America

February 21, 2020 — With so many new states in the US now allowing residents to gamble online, the annual Golden Eagle trophies and American Gambling Awards brand are being seen in a new light. While the awards have be...

Scientific Games Corporation Hits It big With JAMES BOND 007 Licensed Games

February 14, 2020 — JAMES BOND 007 is a brand recognized all over the world. Introduced in novels written by Ian Fleming in 1953, the James Bond brand has been turned into 25 movies that have delighted spy enthusiasts ...

All the news from legal online casino in USA

Copyright 2020 © LEGAL-GAMBLING-USA.COM - All rights reserved
Legal Disclaimer - Warning - Affiliate Program - Responsible Gaming - Contact
Legal-Gambling-USA.com on Twitter   RSS Legal-Gambling-USA.com

Gambling involves risk: indebtedness, dependence, isolation. Helpline: 1.800.522.4700
Gambling is prohibited for minors.

-18 -21