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Betfair wins second Queen's Award for Enterprise

"The 2008 award comes in the International Trade category, five years after Betfair was recognised in the Innovation category for creating the first successful betting exchange – a new concept that meant a better deal for customers and greater protections within the betting industry.

"Since 2003, Betfair has grown substantially from a company with 100,000 users, of which only eight per cent were from outside the UK and Ireland, to a customer base in excess of one million where over 40 per cent are international users.

"Winners of the Queen's Award are selected on the recommendation of the Prime Minister and an independent advisory committee. Betfair joins a select group who have been honoured twice since the inception of the awards in 1966 and it means the company will be able to carry the Queen's Award emblem for another five years..."

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