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Tag Archives: Dublin

Sports ‘all-in-one’ disruptor Sportdec seeks €3 million funding round

Irish start-up Sportdec is seeking to close a €3 million round in venture funding this Q1 2017 as the company seeks to bridge sports content, social gaming and betting through its mobile app expansion. Led by former Sky Betting & Gaming Head of Social Games Bruce Bale (CEO), Sportdec has pitched itself as the ‘ultimate fan-centric app’ delivering all forms ... Read More »

Paddy Power cuts 300 Irish jobs

Irish news sources have reported that Paddy Power is set to cut up to 300 jobs from its Dublin operations in-line with its post Betfair merger strategy. The betting operator informed its Dublin staff yesterday. It is reported that the job cuts will likely be in overlapping business areas such as marketing, technology development and trading. Paddy Power Betfair (PPB) ... Read More »

FTSE eagerly awaits Paddy Power Betfair results

Tuesday morning will see the first joint publication of Paddy Power Betfair results, as FTSE analysts and commentators eagerly await the performance update of online betting’ biggest market capital operator. Having opened trading with a £105 share price on the London and Dublin stock exchanges on 2 February, Paddy Power Betfair entered the prestigious FTSE 100 index last week having ... Read More »

Digital Fuel secures BetBright affiliate partnership

Irish online betting operator BetBright has secured the services of specialist online gambling marketing agency Digital Fuel Ltd to manage its new casino affiliate programme. Issuing a corporate statement announcing the partnership, Digital Fuel management detailed that the agency had been tasked with driving the ‘strategic direction and general management of BetBright’s wider affiliate and player acquisition offering’. The BetBright ... Read More »

Paddy Power–Betfair aims for £25 million savings through labour reductions

UK newspaper The Sunday Times has reported that the merged enterprise of Paddy Power – Betfair will look to implement £25 million in cost savings in 2016 by significantly reducing headcount. In September Paddy Power and Betfair governances’ had outlined a co-synergies’ savings target of £50 million, should their proposed merger receive its approval. A circular published this weekend details ... Read More »

Tom Flood swings back into profit with Boylesports

The integration of Boylesports pricing and retail provisions has helped Dublin based bookmaker Tom Flood (Boylesports retail subsidiary) post a profit of €445,000 (£325,000) in 2014. Tom Flood reverses its losses of €26,000 for 2013. Tom Flood which operates seven bookmakers in the Dublin area, was acquired by Boylesports in November 2013. The acquisition saw Boylesports invest €3 million to ... Read More »

Paddy Power Betfair aims for £50 million in synergy savings

Having announced yesterday, that governances had agreed on terms and conditions for their planned £5 billion merger. Paddy Power and Betfair executive teams have detailed further insight with regards to merger plans and long term integrations of the operators. Central to its long term growth, will be the estimated annual cost saving of £50 million through shared synergies which the ... Read More »

Paddy Power & Betfair agree on merger terms & conditions

Issuing an investor update this morning, Betfair and Paddy Power governances have confirmed that terms and conditions of their proposed £5 billion merger have been agreed on. The announcement sees Paddy Power agreeing to acquire Betfair assets at a value of £2.86 billion ($3.2 billion). Once completed the planned merger will result in Paddy Power shareholders owning 52% of the ... Read More »

Betfair appoints Johnny Devitt as new Chief Marketing Officer

Betfair has appointed Director of Online Marketing Johnny Devitt as Chief Marketing Officer (CMO). Industry news source EGR Magazine, confirmed the appointment of Devitt who will take over marketing and branding initiatives for Betfair. The operator had created the senior management role following the departure of former Brand Director Mark Ody as Betfair merges online marketing and branding responsibilities under ... Read More »

Paddy Power looks to expand in North Dublin

Paddy Power has informed Ireland’s Consumer & Competition Commission that it intends to purchase two more betting shops in North Dublin, adding to its existing Irish retail portfolio of +200 betting shops. Paddy Power retail management confirmed to the commission that it was in the process of acquiring independent bookmaker ‘Track Sports’ properties’ in Donabate and Swords North Dublin. The ... Read More »