Posts Tagged ‘Gambling’
Betfair Happy To Avoid American Market
The co-founder of leading online betting exchange Betfair, Edward Wray, has revealed that the firm is not interested in tapping the American market until the current ban on online gambling under the Unlawful Internet Gambling Enforcement Act (IGEA) is lifted.Wray previously served as Chief Executive Officer for Betfair, which processes tens of [...]
Tabcorp Profits Fall
Australian gambling and entertainment group Tabcorp Holdings Limited has raised $196.3 million from an institutional placement after announcing a 3.7 percent fall in profits for the last half of 2008.The Melbourne-based firm behind online bookmaker LuxBet.com revealed net profits after tax for the final six months of last year of $170.1 million, [...]
