Betfair moves focus to regulated markets

FTSE 250 online betting firm Betfair said it is reducing its exposure to markets with an uncertain regulatory future as new Chief Executive Officer Breon Corcoran announces significant cost savings.

FTSE 250 online betting firm Betfair said it is reducing its exposure to markets with an uncertain regulatory future as new Chief Executive Officer Breon Corcoran announces significant cost savings.

Betfair said the UK business continued to perform well during the third quarter to date while regulatory impacts on international revenues continues to drag on growth.

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