Embed Size (px)
Citation preview
1
THE BETFAIR STORYMark Davies Managing DirectorMark Davies, Managing Director
ABAF Conference, Paris18 September 200918 September 2009
CONFIDENTIAL and not for reproduction without prior written consent. © of the Sporting Exchange Limited
2
The Betfair Storyy
Once upon a time a man called Andrew Black (Bert to his friends) had a b i h idbright idea....
CONFIDENTIAL and not for reproduction without prior written consent. © of the Sporting Exchange Limited
3
The Betfair Storyy
This bright idea was to bet on horses like you can bet on the stock kmarket....
CONFIDENTIAL and not for reproduction without prior written consent. © of the Sporting Exchange Limited
4
The Betfair Storyy
But in order to get this idea off the ground Bert needed a business partner...
CONFIDENTIAL and not for reproduction without prior written consent. © of the Sporting Exchange Limited
5
The Betfair Storyy
The operation needed a front man...
CONFIDENTIAL and not for reproduction without prior written consent. © of the Sporting Exchange Limited
6
The Betfair Storyy
In June 2000 Betfair goes live running its first market on The Oaks....
CONFIDENTIAL and not for reproduction without prior written consent. © of the Sporting Exchange Limited
7
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
CONFIDENTIAL and not for reproduction without prior written consent. © of the Sporting Exchange Limited
8
The Betfair Storyy
The Battle for Britain....the Gambling Act 2005....
CONFIDENTIAL and not for reproduction without prior written consent. © of the Sporting Exchange Limited
9
The Betfair Storyy
Betfair starts to spread its wings....
CONFIDENTIAL and not for reproduction without prior written consent. © of the Sporting Exchange Limited
10
The Betfair Storyy
Talking of devils.......
Versus
CONFIDENTIAL and not for reproduction without prior written consent. © of the Sporting Exchange Limited
11
The Betfair Storyy
Betfair always strives to be the leader in its field....
42 Memoranda of Understanding
CONFIDENTIAL and not for reproduction without prior written consent. © of the Sporting Exchange Limited
12
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
13
CONFIDENTIAL and not for reproduction without prior written consent. © of the Sporting Exchange Limited
