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BRIEF-Betfair switches tactics in Australia, sells JV stake
August 13, 2014 / 6:28 AM / 3 years ago

BRIEF-Betfair switches tactics in Australia, sells JV stake

Aug 13 (Reuters) - Betfair Group Plc

* Switches to a b2b model in Australasia

* Sold its 50% stake in betfair Australasia pty limited (“betfair australia”) to joint-venture partner crown resorts limited

* Concurrently entered into an agreement with crown to continue to provide its betting exchange in australasia under a b2b model

* Received aus$10m as consideration for its equity stake Source text for Eikon: Further company coverage:

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