Tag Archives: Paddy Power Betfair

Paddy Power Betfair challenges €55 million tax whammy

FTSE100 betting group Paddy Power Betfair (PPB) has confirmed that it will appeal its €55 million European tax charge imposed by the authorities of Germany and Greece. The first charge of €40 million relates to Germany’s Hessen Fiscal Court rejecting PPB’s 2012 Betfair Exchange tax assessment. The Hessen Court supports the German tax authority’s backdated review of Betfair Exchange transactions …

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Gary McGann – Irish tax doubling will hurt ‘home heroes’ like Paddy Power Betfair

The Sunday Times has this weekend published extracts of a letter written by Paddy Power Betfair (PPB) Executive Chairman Gary McGann to Paschal Donohoe, Ireland’s Finance Minister pleading for Fine Gael not to pursue with a new betting tax regime. The letter published under ‘the freedom of legislation’ act, sees McGann state that the Dáil approved/pending doubling of the Irish …

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Assessing Europe’s influence on the emerging US market

US market - Closeup of Flags of USA and European Union

Sports betting is sports betting; right? Fundamentally, yes. But where the US market and its European counterpart are concerned, it comes in slightly different flavours. Three industry experts explain… Talk of Europe’s role as a shaping presence in the US market for sports betting became something of a leitmotif to proceedings from the moment that PASPA was consigned to the …

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Paddy Power Betfair enters Georgian market with Adjarabet acquisition

FTSE100 Paddy Power Betfair (PPB) has expanded its reach into the Georgian regulated gambling market acquiring a 51 per cent shareholding in leading betting and gaming group Adjarabet. The initial cash consideration put forward for Adjarabet’s  majority shareholding totals £101m, with the UK operator granted first right to acquire the remaining 49 per cent within a period of three years. …

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FanDuel secures real-time automation with Fresh8

Paddy Power Betfair (PPB) US subsidiary FanDuel has announced that it will optimise its full marketing suite utilising Fresh8 software. Updating stakeholders, FanDuel is set to integrate Fresh8 ‘machine optimised assets’ across its entire marketing/advertising inventory, operating across all active US state markets. The partnership will see the US betting operator move to significantly improve its audience engagement across programmatic, …

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Changing global dynamics see Paddy Power Betfair & Stars Group discuss giant merger plans

The Sunday Times has this weekend reported that the governances of Paddy Power Betfair (PPB) and The Stars Group Inc held mutual talks in late 2018, discussing a ground-breaking merger. The two enterprises, which are competing to dominate global gambling’s new landscape disrupted by the repeal of US PASPA federal laws, multiple changes in European regulatory frameworks and the UK’s enforced …

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ABB backs bookmakers’ contribution to greyhound welfare

The Association of British Bookmakers (ABB) has welcomed UK bookmakers’ decision to supply an additional £3m in funding to the provision of greyhound welfare and the uplift of the greyhound racing industry as a whole. The funding commitment will be paid for by UK bookmakers, after the UK Gambling Commission secured a voluntary agreement with Betfred, William Hill, Sky Betting …

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Sportsbet advert draws record number of complaints

Sportsbet

An advert for one of Australia’s biggest online bookmakers Sportsbet has drawn 793 complaints, a new record in the country, for making a link between betting and sexual success. The Ad Standards said that the Paddy Power Betfair owned online bookmaker had sent a “false message to young males that gambling will improve their sexual appeal”. As reported in the …

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Dave Hammond: “The SBTech culture is one of winning and driving expansion”

Earlier this month, Dave Hammond left his role as B2B Divisions Director at Paddy Power Betfair to take up the reign as COO of SBTech, charged with driving growth through 2019 and beyond. Following the appointment we spoke to Hammond regarding the transition, personal and company-wide ambitions, the future of online sports betting and much more. ____________________ SBC: Why was …

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Law firm seeks £1.5m in victim compensation against UK betting firms

Closing 2018, The Guardian newspaper reports further headaches for UK betting leadership as London law firm Mackrell Turner Garrett (Mackrell) seeks £1.5 million in victim compensation settlements against FTSE-listed betting firms’ – William Hill Plc and Paddy Power Betfair (PPB). The victim compensation claims relate to addicted gamblers wagering with stolen money at William Hill betting shops and PPB’s Betfair …

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