Tag Archives: Betfair

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 …

The British Horseracing Authority has dismissed Coral’s offer for a flat 7.5% of its online and retail horseracing profits, labelling it an an “unrealistic realistic starting point” on the grounds that it would generate less for the sport than existing arrangements. The latest clash between racing and the bookmakers has been caused by the introduction of the Authorised Betting Partner …

Betfair is offering odds of 4/11 that the re-scheduled Coral Welsh Grand National will go ahead this Saturday.   Should it take place the race will be held at Chepstow, though with the ongoing heavy rains throughout the UK inspections were called on Thursday at Wetherby and Wincanton for Friday’s races. Betfair spokesman Barry Orr said: “Despite the unsettled forecast we make it …

Global gaming technology firm Inspired has announced that Betfair is the latest company set to offer its Virtual Sports products. Sports betting and gaming provider Betfair will offer a selection of titles including Rush Football, Rush Horses, Rush Greyhounds, Rush Motor Racing, Rush Speedway, Rush Cycling and Rush Tennis. These will be available both online and on mobile.   Betfair will …

It has been reported that Betfair it is to withdraw its services from Canada with near immediate effect; all services will be concluded by January 14th. The gambling operator sent out an email during the Christmas period to its customers informing them that residents of Canada would no longer be allowed to place bets, and that gaming services would also be blocked. No …

UK newspaper The Sunday Times has named Betfair Chief Executive Breon Corcoran as “Business Person of the Year 2015”. In a special feature written by The Times leisure correspondent Peter Evans and titled “Gambling Geek”, Corcoran details his tenure to date as leader of Betfair, which has seen the CEO transform the operator from its 2011 post IPO decline into …

There will be no time to celebrate Christmas for Paddy Power and Betfair governances as the shareholders of both companies have agreed outright to approve the £6.2 billion merger deal. Holding simultaneous ‘extraordinary meetings’ on Monday 21 December in which shareholders filed their votes, the merger deal saw a 99% investor approval, gaining a further significant step towards the creation of …

  Following its commentary invitation and review of the merger of Paddy Power – Betfair, the UK Competition & Markets Authority (UK CMA) has officially cleared the £6.2 billion deal. The Paddy Power-Betfair merger clears its most important regulatory hurdle, which had been placed under review by the UK CMA in November and opened to public and industry commentary. The …

Betfair co-founder Ed Wray has been named as one of the leading backers in London Fintech start-up Curve, which has secured $2 million (£1.4 million) in seed stage funding. Curve an early stage Fintech start-up aims to replace the mechanisms of the retail banking sectors bankcard, giving customers greater visibility and ease management of their day to day accounts. Led …