From iGaming Business Betting exchange and online casino operator Betfair has released its preliminary financial results for the twelve months to the end of April showing that total revenues from continuing operations fell by 0.38 percent year-on-year to £387 million. Betfair rejected a preliminary takeover approach from private equity firm CVC Capital Partners Limited in May that was reportedly worth £911.7 million and revealed annual reported earnings before interest, tax, depreciation and amortisation of 51.2 million, which represented a drop of some 39 percent year-on-year. London-based Betfair declared an annual loss from continuing operations of £49.4 million, which is down…

From iGaming Business In the UK, betting exchange and online casino operator Betfair has announced that the nation’s Court of Appeal has unanimously found in its favour regarding a judicial review instigated by rival William Hill over an earlier High Court of Justice ruling. William Hill had instigated the original action in September of 2011 in hopes of making customers of Betfair and other betting exchange operators subject to payment of the Horserace Betting Levy, which ran counter to an earlier consultation undertaken by the Horserace Betting Levy Board. Betfair subsequently won this case, which was something Martin Cruddace, Corporate…