Belfast Telegraph

Bookmaker nets record profits in first full year

Online gambling firm Betfair has revealed record profits in its first full-year results as a listed company but admitted that revenues have taken a hit in recent weeks.

The company, which uniquely allows its customers to set their own odds and bet against one another rather than the firm itself, announced it would pay a maiden dividend after underlying profits increased 49% to £79.7m in the year to April 3.