Tag Archives: Peter Jackson

UK betting commits to new ‘five core’ safer gambling measures

Chief Executives from a number of UK betting companies have signed up to a new package of safer gambling commitments, which will place a focus on mitigating the associated risks of gambling.  The CEOs from Aspers, bet365, Caesars, Flutter Entertainment, Genting, GVC Holdings, Playtech, Rank Group, Sky Betting & Gaming and William Hill have all committed to the new set …

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City anticipates tough choices in Flutter’s pursuit of Stars

City analysts are pondering how Flutter Entertainment will sooth competition concerns across multiple markets, attached to its bold merger pursuit with digital rival The Stars Group Inc. Since the merger was propositioned on 2 October, Flutter CEO Peter Jackson and corporate governance have emphasised confidence in clearing all regulatory hurdles to deliver a £10 billion online gambling powerhouse. The stakes …

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Flutter and Stars ‘confident’ of mega-merger green light

Following this morning’s announcement that The Stars Group (TSG) is to be acquired by Flutter Entertainment, board members have emphasised their confidence that the mega-merger would gain the necessary regulatory approvals to go ahead. Confirmed in a conference call with both investors and industry analysts, Flutter chief executive Peter Jackson emphasised that he believed there should be no concerns regarding …

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Betting bosses withdraw from upcoming APPG hearing

GVC Holdings Group CEO Kenneth Alexander has withdrawn from this week’s Gambling Related Harm All Party Parliamentary Group (GRH APPG) hearing, with the group’s chair Carolyn Harris MP branding the executive’s decision ‘outrageous’. The APPG hearing, which will specifically focus upon identifying and resolving harms caused by online gambling, brings together representatives from a number of leading UK operators including GVC, William Hill …

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No-deal Brexit ‘is a real risk to racing’ warns Flutter’s Peter Jackson

With only 79 days until the UK is pencilled in to leave the European Union, horse racing stakeholders continue to make preparations in anticipation of potential disruptions to the sport and further impacts on betting markets.  The Financial Times reported this morning that a no-deal Brexit – which at present appears to be the UK’s likely outcome – will threaten …

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UK Top 5 commits to ‘clear responsibilities’ on problem gambling support

Advancing UK betting’s social responsibility agenda, bet365, William Hill, Flutter Entertainment, Sky Betting & Gaming and GVC Holdings have this morning committed to a ‘package of safer gambling measures and support for problem gamblers’. The ‘UK Top 5’ directive follows discussions with the Department for Digital, Culture, Media and Sport (DCMS) on social and safer gambling responsibilities. The package of …

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Paddy Power Betfair begins life as Flutter Entertainment

The governance of FTSE100 gambling group Paddy Power Betfair Plc has confirmed that it has officially sanctioned the firm’s corporate rebrand to ‘Flutter Entertainment Plc’. The Flutter Entertainment rebrand was approved outright (99%) by company shareholders at the firm’s 15 May 2019 AGM. As previously communicated, the FTSE betting group undertakes the rebrand to ‘better reflect its broader business’ within …

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Global profile helps Paddy Power Betfair post strong 2019 opening

FTSE100 gambling group Paddy Power Betfair (PPB) has reported a strong start to 2019 trading, despite recording unfavourable sporting results in the UK and Ireland. Publishing its Q1 2019 trading statement (for the period ending 31 March), PPB reports a ‘good underlying momentum’, as group revenues grow 17% year-on-year to £478 million (Q12018: £408m) driven by ‘excellent growth in both …

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Paddy Power Betfair looks to rename to reflect growing brand portfolio

Bookmaker group Paddy Power Betfair has released a proposition to rebrand the group as Flutter Entertainments in a bid to reflect the group’s growing brand portfolio. In a release of the group’s preliminary full-year 2018 results, the group outlined that its recent merger and acquisition drive meant that a rebrand would be essential in order to represent its global range. …

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Paddy Power Betfair seeks ‘global podium position’ following year of strategic investments

FTSE100 betting group Paddy Power Betfair (PPB) has published its preliminary full-year 2018 results, detailing that the firm has made progress on its global agenda, whilst navigating UK home market complexities. PPB maintains its corporate revenue growth at £1.87 billion (FY2017: £1.74bn), with the betting group detailing robust digital revenues of £948 million (FY2017: £898m), combined with an underlying digital …

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