|Betfair.com, has won a Queen’s Award for Enterprise, in the Innovation category, for 2003.|
The award is the latest and most significant endorsement the company has received, and will allow Betfair to carry the Queen’s Award emblem on its site for the next five years.
A Queen’s Award is given (as its name suggests) by the Queen, on the recommendation of the Prime Minister, and following a full assessment by the Department of Trade and Industry.
Edward Wray, Chief Executive and co-founder, who will represent the company at the awards ceremony at the Queen Elizabeth II Hall on the morning of Tuesday 22nd April, said:
“I am extremely proud to be accepting this award on behalf of Betfair, my co-founder Andrew Black whose idea the exchange was, and all 200 employees in our offices in Hammersmith. We all look forward to taking this great British innovation onto the global stage.”
Talking about the award, Mark Davies, the company’s Director of Communications, explained:
“After a year in which some have sought to question the integrity and legality of our system for their own reasons, it is a huge pleasure and a massive endorsement of the success of our business to be recognised in this manner by Her Majesty and her Government.”
“Betfair was founded with a view to making betting fairer and safer for everyone. We use cutting-edge technology to ensure at source that crime is kept out, the punter is always paid, and the vulnerable are protected. To be recognised in this way for the quality and success of our innovation is a measure of how well we have achieved precisely that.”