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Betfair in the news

Some recent press snippets to cover... The Australian reports that BF Australia chief exec Andrew Twaits has announced his intention to move on next year.

As mentioned in the previous post, the BHA is determined to waste more money on forcing the higher-profiting Betfair users to pay levy. Two obvious issues with that:
- why is the BHA getting into bed with one levy-dodging company, William Hill, to chase another one it believes isn't paying its share?, and
- if bookmakers can move their servers to Gibraltar to avoid paying tax or levy, then why can't an individual punter? Would love to see that one challenged in court.

One of the original Betfair founders, Mark Davies, is suing his legal firm for £4m because they screwed up his share registration, costing him a packet when the BF share price collapsed. The share price has improved a bit in recent weeks (although let's face it, there wasn't much further down it could go!). It has now broken back through the 700p mark.

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