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THE BETFAIR STORYMark Davies Managing DirectorMark Davies, Managing Director
ABAF Conference, Paris18 September 200918 September 2009
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The Betfair Storyy
Once upon a time a man called Andrew Black (Bert to his friends) had a b i h idbright idea....
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The Betfair Storyy
This bright idea was to bet on horses like you can bet on the stock kmarket....
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The Betfair Storyy
But in order to get this idea off the ground Bert needed a business partner...
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The Betfair Storyy
The operation needed a front man...
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The Betfair Storyy
In June 2000 Betfair goes live running its first market on The Oaks....
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The Betfair Storyy
Things go well.....
In 2001 Betfair buys out its main rival Flutter.com
In 2002 Betfair moves to bigger offices in Hammersmith
....loads of them..... Betfair wins prizes
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The Betfair Storyy
The Battle for Britain....the Gambling Act 2005....
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The Betfair Storyy
Betfair starts to spread its wings....
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The Betfair Storyy
Talking of devils.......
Versus
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The Betfair Storyy
Betfair always strives to be the leader in its field....
42 Memoranda of Understanding
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The Betfair Storyy
And it just keeps on growing... 240
303
Annual Revenue (£m)
186
145
107
6
67
32
12001
2002
2003 2004 2005 2006 2007 2008 2009
CONFIDENTIAL and not for reproduction without prior written consent. © of the Sporting Exchange Limited
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CONFIDENTIAL and not for reproduction without prior written consent. © of the Sporting Exchange Limited