Partial Austrian Exit For Betfair.

PARTIAL AUSTRIAN EXIT FOR BETFAIR.

03rd July, 2014 at 03:21:05
Source: http://www.azonlinecasinos.com

UK betting exchange will shut down operations mid-July, but retain fixed-odds sports betting and online casino services.

The UK online gambling group Betfair, which has operated under an Austrian licence since 2005, has announced a partial withdrawal from the region, advising that it will shutter its betting exchange from July 14, but will continue to offer fixed-odds sports betting and online casino services in the region.

The decision was taken following a review of operations by Betfair's executive team, which has hewed to a group strategy focused on licensed European markets and has seen Betfair exit the Greek and German markets, savings tens of millions in operational costs.

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