Betfair Wins Major Award
Online betting group Betfair has announced that it took home top prize at the third annual eGaming Awards held late last week 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. It processes five million transactions a day and more than 300 bets a second and took home the award for Operator of the Year alongside Everest Poker, who won the Poker Operator of the Year prize.
The Casino Operator of the Year and Land-Links Partnership of the Year honours went to 888.com while Sportingbet won for the European Sportsbook Operator of the Year.
There were additional prizes for SkyBet, who were honoured with the Innovation of the Year and Green Operator of the Year honours, and Gala Coral, who received recognition for the year’s best Online Marketing Campaign. Unibet took home the prize for best Offline Marketing Campaign, whilst Chipleader won Affiliate Programme of the Year and Svenska Spel was honoured as 2007’s most Socially Responsible Operator.
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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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. It processes five million transactions a day and more than 300 bets a second and took home the award for Operator of the Year alongside Everest Poker, who won the Poker Operator of the Year prize.
The Casino Operator of the Year and Land-Links Partnership of the Year honours went to 888.com while Sportingbet won for the European Sportsbook Operator of the Year.
There were additional prizes for SkyBet, who were honoured with the Innovation of the Year and Green Operator of the Year honours, and Gala Coral, who received recognition for the year’s best Online Marketing Campaign. Unibet took home the prize for best Offline Marketing Campaign, whilst Chipleader won Affiliate Programme of the Year and Svenska Spel was honoured as 2007’s most Socially Responsible Operator.
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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