BETFAIR RESPONSE TO BUDGET STATEMENT

(London, 17/3/04) Andrew Silverman, Betfair's Director of Public Affairs, said:

"We welcome the Chancellor's announcement.  Our customers do the same as customers anywhere else - they bet on outcomes of events." 

"We are firm in our belief that tax policy should not be defined on the basis of the wording of a betting slip."

"The fact is that a tax on Betfair's punters would be inequitable, and would penalise them purely for being our customers.  If a tax is brought in on successful punters, it must be brought in across the board."

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