Betfred considering a move into Eastern Europe
Tuesday, May 1,2012 : BETFRED WANTS TO BRING ONLINE BACK TO UK
But only if favourable tax conditions are instituted
Bookmaker and Tote-owner Betfred is focusing on expansion in its online business and considering a move into Eastern Europe, says co-founder and boss Fred Done.
Done, who made the comments after accepting The Business Desk's North West Ambassador Award at the North West Business Masters Award ceremony, also spoke of his desire to move Betfred's online business from Gibraltar back to the North West region of the United Kingdom to "bring jobs back to where the company is based" provided UK taxation conditions become more favourable.
Betfred is reportedly already in the process of expansion into Eastern Europe, having been offered a business there, but its online aspirations are the motivating factor for the company who experienced growth in the online channel over the past three years of 80 percent, 85 percent and 60 percent.