Betfair Wins Second Queen's Award For Entrprise

Betfair, the UK's biggest online betting company, has won its second Queen's Award for Enterprise in its eight year history.

The 2008 award comes in the International Trade category, five years after Betfair was recognised in the Innovation category for creating the first successful betting exchange - a new concept which meant a better deal for customers and greater protections within the betting industry.

Since 2003, Betfair has grown substantially from a company with 100,000 users, of which only 8 percent were from outside the UK and Ireland, to a customer base in excess of one million where over 40 percent are international users.

Winners of the Queen's Award are selected on the recommendation of the Prime Minister and an independent advisory committee. Betfair joins a select group who have been honoured twice since the inception of the awards in 1966 and it means the company will be able to carry the Queen's Award emblem for another five years.

David Yu, Chief Executive of Betfair, said: "Upon winning our first award in 2003, our chairman and co-founder Edward Wray said that the company was looking forward to taking this 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 recognised throughout the world and we now have operational bases in Australia and Malta to support over one million registered customers."

With this award, Betfair joins the likes of Rolls Royce, Weetabix, Aston Martin and James Dyson Ltd who have all been winners in the International Trade category in recent years.

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