Online betting exchange Betfair's first-half profits set to climb to £67million
ONLINE betting exchange Betfair's first-half profits are set to climb 37% to £67million, analysts predict, thanks to new product launches and a marketing drive.
Betfair is also expected to say on Thursday that revenues for the six months to the end of October rose by 26% to £236million.
This was fuelled by punters logging on to have a flutter on events including football's World Cup and Wimbledon.
In the UK Betfair is gaining market share, up from 5% to 14% this year, said JP Morgan analyst Victoria Greer.
She added: "Innovation and significant marketing should support continuing customer gains.
