Tag Archives: Paddy Power Betfair

Rumour Mill: Paddy Power Betfair targets FanDuel acquisition

The Supreme Court’s repeal of PASPA’s federal mandate has likely triggered a further betting industry arms race, as US betting news source LegalSportsReport.com details that Paddy Power Betfair Plc (PPB) is ‘close to acquiring’ DFS operator FanDuel. Entering 2018, the governance of FTSE100 PPB stated that it was ‘reviewing all options’ for further expansion within the US market. The UK …

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The great PASPA repeal: America braces itself for the biggest Brit invasion since the 1960s

PASPA - Copyright: motionworksfilmstudio / 123RF Stock Photo

Richard Thorp, Business Development Director at FSB, unpacks how US operators can stave off the transatlantic assault of Britain’s best bookmakers if they choose their suppliers wisely for sports betting’s grandest repeal. When Oscar Wilde wrote that Britain and the United States were two countries separated by a common language, he probably didn’t envisage sports betting getting in the way …

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Peter Jackson – Paddy Power Betfair eyes growth in disruption  

Taking on Paddy Power Betfair’s Q1 investor conference call, Group Chief Executive Peter Jackson has stated that the FTSE100 betting group has made substantial progress on its key initiatives, despite closing a disappointing trading period. With PPB development teams delivering the firm’s combined technology platform this January, Jackson details significant progress on his initial leadership goal of ‘returning Paddy Power …

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Adverse conditions see Paddy Power Betfair report tough opening to 2018

Publishing its Q1 trading update (period ending 31 March), FTSE100 betting group Paddy Power Betfair (PPB) has reported a tough opening for 2018, as the firm’s corporate performance was impacted by several factors. Updating the market, PPB reports a 2% decline in group revenues to £408 million (Q1 2017: £416 million). The betting group detailed that its punters had been …

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Microgaming on board with All-in Diversity as founding member

Microgaming has become the latest firm to join the ranks of the All-in Diversity Project as a founding member, as it strives to help spearhead progress towards a more inclusive gaming sector. All-in Diversity is a not for profit industry driven initiative, that is aiming to facilitate open discussions in the key strategic areas of diversity, equality and inclusion, across the …

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“Fresh” horse racing setup on LeoVegas gets Timeform data boost

horse racing - LeoVegas

Smoother ‘Next Off’ navigation, a clearer race overview and more detailed information about previous performances for each runner are just some of the improvements made to the horse racing coverage on LeoVegas. This is after LeoVegas implemented the new racing client from Kambi and improved race data from Timeform, a wholly-owned subsidiary of Paddy Power Betfair. Timeform specialises in collecting, …

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Paddy Power Betfair hires Jonathan Hill as new Group CFO

FTSE100 betting group Paddy Power Betfair Plc (PPB) has confirmed the appointment of Jonathan Hill as Group Chief Financial Officer (CFO). Hill the current CFO of senior citizens’ financial services firm Saga Plc, is set to join PPB’s corporate leadership team this autumn, replacing long-term group finance lead Alex Gersh who this March confirmed his departure from PPB’s executive team. …

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Peter Jackson – ‘Paddy Power will return to growth’

Presenting his first trading updating as Paddy Power Betfair (PPB) Group Chief Executive Peter Jackson has prioritised ‘returning growth to Paddy Power operations’. Updating investors on a successful full-year 2017 performance, in which PPB outperformed its market expectations, Jackson sets a high bar for PPB executives in 2018. Jackson praised PPB development teams for delivering the group’s combined platform system …

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Paddy Power Betfair out guns 2017 expectations

Publishing its preliminary full-year 2017 results, FTSE100 betting group Paddy Power Betfair Plc (PPB) reports strong growth across its core metrics and KPIs, as the company delivers on key merger projects and initiatives. Completing year 2 as an enlarged enterprise, PPB reports a 13% increase in group revenues to £1.7 billion (FY 2016: £1.5 billion), driven by a 16% growth …

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