"Meanwhile, the foothold in the US also allows the company greater access to coding talent. The company already has development office in San Francisco and they are looking to hire about twenty more people -- particularly mobile app designers. Betfair is one of the first online betting exchanges to have an iPad and iPhone app. You can’t actually use it in this country, but you can use in the UK."

"I think we can show regulators why regulation works and why a better regulated business is better for consumers. What they need to do is put in a sensible framework and then customers will use the licensed operators and the operators will pay tax."

"The more liquidity you get, the more attractive the markets become, and you have this snowball effect," Burn said. "We can build the exchange for all of America and operate it from California."

"The more liquidity you get, the more attractive the markets become, and you have this snowball effect," Burn said. "We can build the exchange for all of America and operate it from California."

"Racing is at a crossroads. One road gives up on racing and stakes the industry’s future on casino games. Many industry leaders are walking down this road. Is it the right road? That depends. If the goal is revenue in the short term, VLTs do the job. But if the goal is making new racing fans, this road leads to extinction. Betting horses and playing casino machines are unrelated activities. VLTs mean empty grandstands."