Betfair to discontinue exchange betting in Austria
Some speculators think that this move is in line with Betfair's current strategy of concentrating solely on more profitable markets.
Betfair first received a license to operate in Austria nine years ago, in April 2005, and though they will cease operating their exchange product on July 14, their other gaming products and fixed-odds sportsbook will still be available in the country.
Betfair has also recently withdrawn from Greece and Germany, more moves in line with its current strategy. There have also been reports that they are contemplating divesting its 50% stake in their Australian joint-venture with Crown Casino, as the company recently experienced its sixth loss within the past seven years.
Recently, chief executive of Betfair, Breon Corcoran, said that the company is being managed in a more “sensible manner” than it has previously been. The proof of this is in the numbers: they have exceeded their cost-savings target of £30 million.
Brazil's President Lula once again defends betting and fintech taxes, denies hike in overall burden
SOFTSWISS releases new 'iGaming in South Africa 2025' market guide
Argentina to reach 4.6M online gamers, exceed $1.5B in revenues by end of 2025
Soft2Bet’s Don.ro signs multi-year deal as main sponsor of Romania's CFR Cluj
FC Bayern signs Betano as official partner in three-year deal
iGaming payments provider Yaspa raises $12 million to expand into U.S. market
Stretch Network unveils €1.3 million Summer Poker League
Fourth edition of EEGS Affiliate Conference set for November in Sofia
Gaming in Germany Conference set for November 11 edition in Berlin
SBC Summit 2025 to explore iGaming innovation through new Technology Stage
