Tag Archives: UK CMA

Paddy Power continues 2015 growth despite unfavourable sports results

Issuing an interim management statement for the period 1 July to 15 November, Paddy Power stated that trading was in-line with corporate expectations. Following a strong H1 2015 opening, the operator noted that sports results during the period were unfavourable, an impact seen throughout the betting industry. Paddy Power maintained a 9% group net revenue increase, supported by a 23 …

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UK CMA opens commentary on Paddy Power/Betfair merger

Aiming to promote fair competition for consumers, the UK Competition and Markets Authority (CMA) has published invitation on the planned £6.2 billion merger of Paddy Power and Betfair (first announced in August 2015). The competition regulator has requested for assistance regarding its review of the merger, inviting comments from concerned parties. The CMA noted that any comments or concerns regarding …

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