Tag Archives: Andy McCue

Issuing an investor update this morning, Betfair and Paddy Power governances have confirmed that terms and conditions of their proposed £5 billion merger have been agreed on. The announcement sees Paddy Power agreeing to acquire Betfair assets at a value of £2.86 billion ($3.2 billion). Once completed the planned merger will result in Paddy Power shareholders owning 52% of the …

 Last week’s 20% surge in Paddy Power shares has created a total of 207 ‘paper millionaires’. Prior to the UK August Bank Holiday weekend Paddy Power shares traded at €96. The Irish Independent newspaper reported the shareholder figures following a review of Paddy Power Plc register, detailing that 207 accounts held 10,000 + shares which following last week trading gains …

The announcement of a potential Paddy Power and Betfair merger has dominated industry headlines this morning. Nevertheless Paddy Power governance delivered a  very strong H1 2015 interim report (period ending 30 June), as the operator posted top metric growth for both digital and retail divisions. Paddy Power would record a group operating profit before taxes of €80 million up 33% on 2014’s …

Paddy Power and PMU have announced a renewal of their partnership providing Sportsbetting in France. This partnership was first launched in 2010 and sees Paddy Power B2B provide risk management, event management and fixed odds pricing services to PMU. The partnership has proved highly successful. PMU accounted for 22% of the total online French Sportsbetting Market last year, with a …

Paddy Power has confirmed the appointment of Gavin (Gav) Thompson  as its New Chief Marketing Officer (CMO). Thompson replaces long term CMO Christian Woolfenden who is set to lead the operator’s revamp of its UK and Irish retail betting divisions. Thompson a 20 year marketing veteran with expert knowledge in strategic marketing and brand communications, Gav Thompson has worked with top …

Ahead of its annual general meeting set for 14 May, The Irish Examiner reports that Paddy Power governance is expected to continue to return its surplus cash to investors in the coming years. In March Paddy Power governance announced that it planned to return a dividend of €390 million, representing 12% of its current market value. Paddy Power who were …

Having returned €392 million (£285 million) to shareholders, Paddy Power’s new CEO Andy McCue has outlined his first strategic priorities since taking over from Patrick Kennedy on 2 January 2015. The positive start to McCue’s reign as CEO, sees Paddy Power hand shareholders €8 a share, on top of a 13% increase in full year dividends. The cash return to …

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 …

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 …

Andy McCue CEO designate of Paddy Power has urged for changes to Australian laws and regulations concerning Australian online sports betting. Paddy Power owners of Australia’s largest online bookmaker – Sportsbet.com.au  have asked for a review of sports betting policies focusing on allowing in-play betting. Speaking to the Sydney Herald, McCue stated that the Australian market was inconsistent with regards …