100 new customer service and data centre management jobs are to be created in Dublin by online betting exchange company Betfair.

Over the next few months the company will open a data centre and relocate its customer operations teams to Ireland.

Betfair employs over 2,000 people globally and has three million registered users. It is the world's biggest online gambling provider and processes over five million transactions a day.

The company is listed on the London Stock Exchange, and its chief executive David Yu says that since Ireland is already a primary destination for online companies, Betfair is happy to make a significant investment here.

The company has been involved in a dispute with the British Horseracing Authority about a horse racing levy, and had threatened to move its operations out of the UK to a lower betting tax environment.

Today's announcement means that part of Betfair's technology team will be in Ireland, and its customer operations will be relocated here.