Image: Aiden Howe on Pixabay Betfair is one of the biggest brands in the online gambling industry. It is owned and operated by Flutter Entertainment formerly known as Paddy Power Betfair Plc.
Based in Dublin Ireland, Flutter Entertainment was founded in February of 2016. The company’s stocks are traded on the London Stock Exchange , Euronext, and Financial Times Stock Exchange.
Flutter Entertainment was established following the merger of Betfair and Paddy Power. The company also acquired The Stars Group back in May of 2020.
Flutter Entertainment operates a number of prominent brands besides Betfair and Paddy Power, including Adjarabet, FanDuel, PokerStars, Sportsbet.com.au, Full Tilt Poker, Fox Bet, BetEasy, TVG Network, Timeform, and Sky Bet. Brief History of Betfair
When compared to other brands owned and operated by Flutter Entertainment, Betfair is one of the longest-standing. The company has been involved in the online sports betting industry since June of 2000.
It was founded over two decades ago in London by Edward Wray and Andrew Black. In addition to operating an online sports betting site, Betfair also owns and operates one of the biggest betting exchange sites.
As of 2021, the company’s two main offices are located in Greater London near Richmond Park, Wembley Stadium, and Croydon Airport Visitor Center. The company also has an office in Dublin, Ireland.
The company’s founders Edward Wray and Andrew Black have been involved in the iGaming industry for many years as players before they decided to start a business of their own.
Andrew Black was a regular customer at many betting shops. After dropping out of college, he worked many different jobs. Edward Wray got his college degree in management, economics, and engineering at Oxford University.After finishing his studies, he got a job at JP Morgan. He was working for JP Morgan when Andrew Black approached him with his idea of starting a sports betting business in the late 90s.Quickly, the duo decided to start their own business venture, and this business venture would become world-renowned Betfair. Betfair Sports Betting Wray and Black wanted to give punters the ability to set betting odds instead of relying on […]
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