Tag Archives: paddy power

The Association of British Bookmakers (ABB) has welcomed the Government’s decision to introduce a new funding system for horseracing, but warned that any new development should not be taken in isolation from other issues. This morning, during a debate in the House of Commons, Culture Secretary John Whittingdale announced that the Government plans to introduce a new system which will …

Louis van Gaal could live to regret calling SunSport Reporter Neil Custis ‘fat man’ come May.  The jibe was dished out following United’s 3-3 draw with Newcastle in mid January. Custis has now issued the Man Utd boss a challenge of pounds vs points. The Sun’s Man Utd Correspondent has vowed to lose 28lb by the end of May, and believes he …

Paddy Power has been pulled up for ‘serious failings’ in its anti-money laundering and social responsibility processes following a Gambling Commission investigation. The bookmaker has also agreed to contribute £280,000 to socially responsible causes after failing to keeping crime out of gambling and protect vulnerable people. The failings relate to the way Paddy Power handled relationships with two customers at …

It has been reported that Australian betting company Tabcorp is scheduled to launch Sun Bets, in partnership with Rupert Murdoch’s News UK, within the next six months. Chief Executive at Tabcorp, David Attenborough, had this to say: “It is a natural step for us. We have worked with News Ltd. closely in Australia and built up a high degree of trust. They have one …

With Irish Prime Minister Enda Kenny having called parliamentary elections on 26 February, Paddy Power has slashed its odds to a near certain 11/10 on a centre right coalition of Fine Gael – Fianna Fail taking over the Dail Eireann (parliament). The bookmaker’s market details that Enda Kenny’s Fine Gael party will ditch current dancing partner Irish Labour for an …

Having secured a listing day share price of £105 on the London Stock Exchange, newly merged betting enterprise ‘Paddy Power Betfair’ confirmed its new governance team, which will lead the company post-merger integration. ‘Paddy Power Betfair’ will be led by former Betfair CEO Breon Corcoran, who will serve under the Chairmanship of Gary McGann (former CEO of Smurfit Kappa Group). …

Having gained regulatory approval of its proposed new share scheme by the UK High Court of Justice, this morning will see the first trades of new gambling powerhouse ‘Paddy Power Betfair’ on the main stock exchanges of Dublin and London. The beginning of trading, will see Paddy Power and Betfair governances complete their agreed £6.4 billion merger which was first …

Ahead of its planned merger with Betfair, Paddy Power Plc governance released its corporate interim statement detailing that it expects to post an operating profit of  circa €180 million (£136 million) for its full year 2015 performance. Reporting on its H2 2015 performance (period of 1 July – 15 November 2015), Paddy Power governance stated that company performance had been …

Lottoland, a specialist in offering licensed and regulated betting on the outcome of major lotteries worldwide, is pleased to announce the appointment of Rob Fell as Vice President of Product, which will include running its mobile offer. Joining from Gala Coral Interactive, where he was Head of Web & Mobile Product, Rob has been running a team of product managers, …

The Australian subsidiary of Paddy Power, Sportsbet has added the popular in-play betting function to its offering.  In-play betting is made complicated in Australia due to the 2001 Interactive Gambling Act which restricts in-play bets to personal ones made at betting shops, or via a phone line. Betting operators get around this in a variety of ways, the likes of …