|Easibet.com, the Scottish high street betting exchange, won a landmark legal victory against high street bookmaker William Hill in Edinburgh last week. |
Edinburgh businessman Henry Spurway came up against opposition from William Hill for operating his chain of easibet.com betting exchanges, run in partnership with Betfair.com, the leading online betting exchange.
William Hill had previously asked for a ruling that the easibet.comís exchanges in Edinburgh and Glasgow were operating illegally. Whether or not Spurway required a betting office licence was also called into question.
Last Wednesday the judge, Lord Menzies, dismissed the case when William Hillís QC Gerry Moynihan said he had advised his client, but had been unable to take instructions from them despite a four week adjournment. All costs were awarded against the applicant, William Hill.
Spurway said: 'This is a mammoth victory for betting exchanges. William Hill just could not sustain their arguments against us.
'The courts have given me the green light to proceed with my expansion plans and over the next 18 months or so we will open 100 easibet.net shops across the UK employing at least 1,000 people. Some of these will be franchises while others will be directly developed by my company.
'We are the future now.'
The decision will provide impetus for betting exchanges, which have recently had to defend themselves against allegations from the mainstream bookmakers that they are compromising the integrity of racing.