Betfair Eyeing US Online Gambling Market?

Published: Tuesday, May 09, 2006 Online-Casinos.com

IS BETFAIR EYEING THE U.S. ONLINE GAMBLING MARKET?

Intriguing comments from Betfair director.

Industry observers were interpreting comments made by a Betfair director this week as a possible indication that the U.S.A. might be on the list of expansion targets for the persistent and dynamic betting exchange group.

Betfair director of business development Christian Hellmers said that his onlione gambling group could provide $50 million in revenue for the US in new shared revenues for itself, racetracks and horsemen by 2008 if it is permitted to operate in the country.

Hellmers explained that it could increase the $134 million annual wagering market in the US, while gross revenue could hit $30 million by 2007 and $50 million by 2008.