Key Takeaways
- Betfair reports poor poker results which contributed to a 31% revenue fall from “Games.”
- Revenues overall declined 13%.
- A strategy of concentrating on lower risk regulated markets is leading to losses as the company withdraws from several countries.
- Mobile growth of 53% provided a bright spot in the report.
Betfair published disappointing quarterly results Thursday, which showed a 13% fall in revenues ascribed to its “focus on sustainable markets, the impact of regulation and absence of a major football tournament in the period.”
