Tag: gibraltar
Betfair switches to Gibraltar
Betfair released an interim management statement today detailing the following results: –
Overall Core Betfair revenue up 6.2% on Q3 FY10 to £77.0m
Core Betfair Sports revenue up 8.6% to £56.6m
Core Betfair Games revenue up 8.2% to £14.3m
Core Betfair Poker revenue down 20.5% to £5.2m
Further down the statement they slipped in the following announcement: –
Betfair announces that, with effect from 9 March 2011, its Betting Exchange will operate under a Gibraltar licence.…
William Hill to move to Gibraltar
As discussed by Scott , Will Hill have confirmed this morning that they are going to move their business to Gib. Full press release available by clicking this text.
With the government keen for tax revenue and the horse racing industry desperate for levy revenue this is a bitter blow. But also, this is likely to trigger a move by competitors to follow suit. At the end of the day if some people are paying less tax and levy, …
Connect
Connect with us on the following social media platforms.