|The holding company for online gambling group Betfair.com, Sporting Exchange, has announced that it has won its court case against the group's former head of Irish operations, Raymond Farrell.|
Although it is understood that Farrell will be filing an appeal, the High Court in London has awarded Sporting Exchange $127,994 as a result of the decision with a company spokesperson stating that the company has every intention of pursuing the money.
Farrell headed Betfair.com’s Irish operations between 2002 and 2004 and was recruited to help increase the company’s Irish racing portfolio and to establish contacts in the Irish betting industry. He has stated that he increased the company’s sales in Ireland from around $828,000 a month to almost seven million dollars per month by the time he left.
The nature of the litigation is unclear but industry sources report that it appears to revolve around claims of money owed, which Farrell contests. A Betfair.com spokesperson alleged that part of Farrell’s job entailed collecting money on behalf of the company and that certain sums had not been handed over when he left the business in 2004.