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Or answer (b).

Paul Leyland from Investec is quoted in the Independent today as saying, “it will be difficult to make money in a taxed UK environment”.

In a single sentence, he has written off 10 years of history in which Betfair has been profitable every year, paid out a couple of hundred in dividends and built up £150m on the balance sheet.

Doesn’t it wind you up?

Posted in Betfair, Betting industry, My articles, Regulation.

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