Tag Archives: Paddy Power Betfair

City views tough Q2 trading outlook for FTSE bookmakers

Industry market analysts are weary of FTSE listed operator stock performance, taking the position that ‘punter friendly’ sporting results, rising costs and a tough 2016 comparable period, will have hindered all-round Q2 trading. As FTSE-listed bookmakers prepare to announce their full H1 trading results this coming July and August. City analysts have placed a gloomy forecast for industry H2 performance, …

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Paddy Power Betfair seeks new Advertising lead following departure of Mischief Maker Ken Robertson

Ken Robertson is set to leave Paddy Power Betfair (PPB) as Group Director of Advertising, a role he had been promoted to last April 2016 following the post-merger combination of Paddy Power and Betfair marketing divisions. Confirming his departure to the Irish Times, Robertson further detailed that he is seeking to create his own ‘creative marketing business’ targeting new social …

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Betting on Sports announces eight conference tracks ahead of September event

SBC Events has increased its focus on industry leading content and thought leadership debate at this year’s Betting on Sports conference (#boscon2017 13-15 September) to meet the demands of organisations sending staff from multiple areas of the business. The second incarnation of the largest international sports and betting trade conference will introduce no fewer than eight conference tracks combined with …

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Centralised Paddy Power Betfair closes Gibraltar offices & operations

FTSE100 bookmaker Paddy Power Betfair (PPB) is set to close down its Gibraltar operations, as part of the firm’s ongoing post-merger transition. The enlarged enterprise has made its decision in order to realign its operations by centralizing its core business divisions. The shutdown of its Gibraltar office will see PPB surrender its Gibraltar Government online gambling licenses inventory. At present, …

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Paddy Power Betfair strengthens governance advisory with Emer Timmons Non-Executive appointment

Following this week’s group Annual General Meeting (AGM), the governance of FTSE100 listed Paddy Power Betfair (PPB) has confirmed the appointment of former BT Group executive Emer Timmons as a new Non-Executive Director. A ten-year BT Group leadership executive, Timmons will advise PPB governance on international development projects and commercial strategy and initiatives. Timmons currently serves as Chief Marketing Officer of …

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Breon Corcoran – Paddy Power Betfair exploring US options as European competition hits ‘extreme levels’

Breon Corcoran CEO of Paddy Power Betfair (PPB) is unafraid of expanding his firm’s presence and services within the US betting/gambling market, as European competition intensifies. Speaking to investors at PPB’s AGM, Corcoran makes his statement as FTSE100 PPB adds mobile US DFS operator DRAFT to its US market assets, having last week acquired the company for a total consideration …

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Triple Play…New Zealand Racing Board forms FOB project with NYX OpenBet & Paddy Power Betfair

The New Zealand Racing Board (NZRB) has selected NYX Gaming sports betting subsidiary OpenBet and Paddy Power Betfair (PPB) to deliver its platform solutions and operational services for its fixed odds betting (FOB) business. In January 2016, NZRB governance announced that it would work with NYX Gaming on enhancing its FOB services, seeking to update provisions for modern consumer habits …

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Are you experiential? Future-casting for retail betting…

The major high-street bookmakers are facing up to the challenge of how to re-invent retail betting in the face of increasing channel shift and the potential fall of machine revenues…. ____________________ As benefits the current limbo afflicting the UK betting shop sector, the first-quarter trading statements from Ladbrokes Coral and William Hill presented a mixed picture of the health of …

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Back Again…PIRC warns against Paddy Power Betfair executive compensation

Shareholder advisory Pensions & Investment Research Consultants (PIRC) has again criticised Paddy Power Betfair (PPB) governance regarding executive rewards and bonus arrangements, ahead of the FTSE firm’s annual general meeting this Wednesday. PIRC advises PPB investors to reject the firm’s remuneration report, due to concerns regarding the ‘termination arrangements’ for PPB governance and leadership. The shareholder advisory points to last …

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Sportsbook growth drives Paddy Power Betfair Q1 2017 performance

The governance of Paddy Power Betfair Plc (PPB) has stated that it is confident of securing 2017 group targets and expectations following a strong start to its financial year aided by favourable results recorded at Cheltenham 2017. Presenting its Q1 2017 trading update (period ending 31 March), PPB declared underlying group revenues of £416 million up 23% on corresponding Q1 …

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