Betfair’s trading team has declared that it has witnessed its ‘greatest cash-out of all time’, as a punter this weekend pocketed £53,000 from a potential £1.5 million accumulator. The football punter had placed an incredible 22 match accumulator on this weekend’s football matches (listed below). Betfair detailed that the punter had nerves of steel, as he had been offered a …
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Betfair’s Ralph Ellis: Martin v Joshua could be closer than you think
There’s much talk about who’ll Anthony Joshua will fight after his next bout; will it be Fury, or perhaps David Haye? First up though he’s fighting the IBF World heavyweight champion Charles Martin, in what could prove to be a brutal contest. The fight is taking place at London’s 02 Arena on Saturday 9th April. Betfair’s Ralph Ellis though believes there …
Read More »Paddy Power cuts 300 Irish jobs
Irish news sources have reported that Paddy Power is set to cut up to 300 jobs from its Dublin operations in-line with its post Betfair merger strategy. The betting operator informed its Dublin staff yesterday. It is reported that the job cuts will likely be in overlapping business areas such as marketing, technology development and trading. Paddy Power Betfair (PPB) …
Read More »Paddy Power copes best with Cheltenham Gold Cup traffic
Paddy Power coped best with the extra website traffic during Gold Cup day at Cheltenham last week, according to Capacitas, a company that specialises in preventing websites from crashing. As reported in iGaming Business, Capacitas said that the conversion rate of a website degrades when page load time exceeds two seconds. Research from Capacitas showed that around the time of the …
Read More »Andy McCue exits Paddy Power Betfair
Newly merged Paddy Power Betfair has confirmed that Chief Operational Officer (COO) Andy McCue has decided to step down from his leadership role at the FTSE 100 listed operator. The announcement of McCue’s departure will surprise many industry commentators, who had predicted that McCue would likely succeed Breon Corcoran as CEO of Paddy Power Betfair in the near future. McCue …
Read More »Bookies’ Corner: Brexit – Will we stay or will we go?
This, the second in SBC’s new Bookies’ Corner series, sees the experts from the world of betting hash out the EU Referendum and whether there’ll be a Brexit. It has been speculated that Brexit may become the biggest political betting event in history. Political betting has been gaining popularity in recent times with the Scottish Referendum breaking records, and this …
Read More »Paddy Power revenues hit €1bn before Betfair merger
Both Paddy Power and Betfair were achieving double digit growth ahead of their merger last month – Paddy Power had grown its revenues by 24% to €1.1bn in 2015, while Betfair’s final quarter as an independent company saw revenues increase by 21%. However both firms also had their figures blunted by taxation. Over 2015 Paddy Power’s operating profit increased 10% …
Read More »Gav Thompson departs as Paddy Power CMO
The completed merger of ‘Paddy Power – Betfair’, has seen Paddy Power Chief Marketing Office (CMO) Gav Thompson, step down from his Paddy Power senior management position. ‘Paddy Power – Betfair’ group marketing initiatives are set to be merged and led by Betfair CMO Johnny Devitt, who has previously served as Paddy Power Head of Marketing & Acquisitions (2011-2013). Thompson …
Read More »Will Sky Bet be the next to gain authorised betting partner status?
It is being reported that Sky Bet is to be announced as the latest bookmaker to sign up for authorised betting partner status with British horseracing. This is a somewhat exclusive status and should it go ahead the operator will join Betfair, bet365, BetVictor and 32Red as an APB. This is in addition to a number of smaller companies. The primary benefit …
Read More »New horseracing funding scheme will need to be fair to bookmakers as well
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 …
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