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Betfair looks to US and Italy for expansion plans

Betfair looks to US and Italy for expansion plans

Online gambling company Betfair said it was looking to grow its business in Italy and the United States after having pulled out of a number of countries because of unfavourable regulations and tax rates.

Betfair has also begun to expand its more conventional sports book betting, where the bookmaker sets the odds. That broadens its appeal to mainstream gamblers but brings it into more direct competition with William Hill and Paddy Power.

Corcoran said, "Betfair has continued to make progress against the strategic objectives we set out in December 2012 and has delivered a good first half performance. Our focus on regulated jurisdictions and Sportsbook-led acquisition continues to be successful."

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