The Business (+ page two + page three):
The difficulty of internationality is Betfair’s biggest frustration. While it accounts for around 90% of the online betting market, its revenues would surge if global gambling laws were loosened. It spends huge amounts on corporate diplomacy in countries like France, where all bookmaking is a state monopoly. Instead of chasing France through the European courts, it believes that its soft diplomacy will mean that when the French government eventually does relax its laws, its time and money spent on lobbying and charming officials will pay off.
The rest of the news article is a profile of BetFair and the UK betting exchange industry.
