The online sports betting firm Betfair is expanding abroad. The London company, which recently sold 23% of its shares to the Japanese technology group Softbank, has secured licences to operate in Austria, Malta and Australia. The bookmaker, founded by Andrew Black and Edward Wray, allows punters to bet against each other while taking a commission on winnings. It has recently introduced new games such as poker, blackjack and baccarat. Sales have soared 82% a year from £32.3m in 2003 to £107m in 2005.
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