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Betfair profits come out ahead

online betting company Betfair posted a better than expected rise in full-year profit yesterday, led by strong revenue growth and a big surge in new customers.

The company - which allows gamblers to bet against each other - said core profit rose 32pc to £120.2m (€170m) in its last financial year, ahead of raised guidance of £113-£118m given by the firm in March.

Betfair's commercial and marketing operations are based at its 150-strong Dublin office.