Betfair Wins Top Industry Award - 04-23-08

April 24 - Since the online exchange operator, Betfair started out a little more than eight years ago, the company has grown from strength to strength. In 2003, Betfair boasted around 100,000 users, 92% of  which was made up of players from the United Kingdom and Ireland.

Fast forward to 2008, and Betfair now has a customer base nearing one million users, 40% of which live outside the borders of the United Kingdom.

It comes as no surprise then that one of the greatest honors that can be bestowed on a UK company was given to Betfair, after it was announced yesterday that the company had received the Queen's Award for Enterprise.

This is the second time in the company's history that it has won the Queen's Award. In 2003, Betfair won the award in the Innovation category which recognizes companies that have become successful using innovative and cutting-edge products.

This Queen's Award was given to Betfair in the International Trade category as a salute to the company's remarkable achievements in overseas earnings.

The Chief Executive of Betfair, David Yu, was naturally thrilled with the news. "Upon winning our first award in 2003," he said, "our chairman and co-founder Edward Wray said that the company was looking forward to taking the great British innovation onto the global stage. Five years on, this award for International Trade is recognition of the strides we've made towards achieving that aim."

"Betfair continues to pride itself on its innovation, integrity, fairness to customers and a determination to work in partnership with international governments and regulators. Those qualities are being recognized throughout the world and we now have operational bases in Australia and Malta to support over one million registered customers."

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