President of Ireland Michael D Higgins has issued a statement regarding sports betting advertising, arguing that there are ‘serious questions’ to be addressed surrounding the issue, as his country embarks on a regulatory overhaul of the sector. The statement follows Higgins’ appearance at a 34-unit gambling rehabilitation centre in Wicklow operated by the Tiglin charity earlier this month, where he …
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Platform provider FSB Ltd has announced a deal to roll-out its first EPOS system in association with Paddy Power and Asian supplier Jade Entertainment and Gaming Technologies. FSB will deploy its innovative platform and trading tools alongside the Irish bookmaker’s trading team in order to provide over the counter sports betting facilities to customers of Manila’s flagship Okada Casino Resort. …
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Australia’s TopBetta Holdings Ltd has received firm commitments to raise AU$1 million to fund the development of its global betting platform. The firm was able to do so via a placement of shares at AU$0.285 each to trusted investors. Funds received will be used primarily for working capital and to strengthen future cash flow obligations. The move comes after TopBetta last …
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Reporting on its full year 2014 performance (preliminary results) Paddy Power recorded corporate net revenues of €882 million (FY 2013 – €746 million), as the operator was able to announce record net profits of €167 million up 18% on FY 2013 €141 million. Paddy Power governance has been able to announce a €8 cash return per share to investors from …
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Following a five month consultation period under outgoing CEO Patrick Kennedy, Irish bookmaker Paddy Power has announced that Chief Executive Designate Andy McCue has formally taken up its lead governance role as of Friday 2 of January. Paddy Power officially announced that McCue would replace Kennedy in September 2014. Patrick Kennedy steps down following eight years services as CEO of …
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