Betfair Australia is a gambling company founded in 2004. It operates the largest online betting exchange in Oceania and offers additional products including sports betting, online casino, online poker, and online bingo. The company is headquartered in Melbourne. In August 2014, Betfair Australia was acquired by Crown Resorts for AU$20m.
History
Betfair UK was founded in 2000 by Andrew Black and Edward Wray. In 2004, it signed a joint venture with Australia's Publishing and Broadcasting Limited to launch the Australian exchange.[1][2] In February 2006, Betfair received a non-exclusive licence from the Tasmanian Gaming Commission to operate Australia’s first betting exchange. Later that year, its market operations team managed the first market, followed soon by the first telephone bets handled by Betfair Australia staff.