Tag Archives: Betfair

Ahead of the start of the 2015 Rugby World Cup (kick-off Friday 18 September), Betfair has announced the appointment of rugby union legends Lawrence Dallaglio (former England captain) and Keith Wood (former Ireland captain) as its new ambassadors. Fierce rivals on the rugby pitch, Dallaglio and Wood will knock heads once more, as they debate the tournaments hottest topics and …

Having announced yesterday, that governances had agreed on terms and conditions for their planned £5 billion merger. Paddy Power and Betfair executive teams have detailed further insight with regards to merger plans and long term integrations of the operators. Central to its long term growth, will be the estimated annual cost saving of £50 million through shared synergies which the …

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 …

Shareholder and corporate governance adviser PIRC has recommended that Betfair investor’s reject CEO Breon Corcoran’s £11.5 million reward package at next week’s annual general meeting (AGM). PIRC has recommended its actions by stating that Betfair’s improved financial performance under Corcoran leadership, has not been met with appropriate compensation/dividends for its investors. The advisory group continues to detail that Betfair financial …

Great Britain’s two-time Olympic Gold winning medallist Victoria Pendleton has been granted an amateur riders licence by the British Horseracing Authority. The granting of the licence is a big step forward as Britain’s most successful female Olympian looks to compete at the 2016 Cheltenham Festival, with betting operator Betfair as her main sponsor. Pendleton, made her debut on a racecourse …

The markets have responded positively to today’s announcement by Paddy Power and Betfair that they are considering a merger. Betfair shares jumped 18%, while Paddy Power’s have increased by more than 15%. In contrast, the share prices of competitors William Hill and Ladbrokes have dropped on the news. Writing in the FT’s Lombard column, Jonathan Guthrie said that the merger …

Paddy Power and Betfair have announced plans for a sensational merger. The betting exchange and the bookmakers have reached an agreement in principle on the key terms of a possible merger of Paddy Power and Betfair to create Paddy Power Betfair plc. The firms said that the possible merger would create one of the world’s largest public online betting and …

Former Betfair Brand Director Mark Ody has been appointed Marketing Director of Full Tilt, as the online poker brand looks to expand its player services by offering sports betting and casino products. The experienced marketing veteran will join the Amaya Inc owned igaming operator, leading Full Tilt marketing teams, strategy and initiatives. Ody will further be tasked with re-developing Full …

Betfair continues to ramp up its coverage within English football, by announcing that it has signed its third betting partnership for the Premier League season 2015/2015 with London football club Arsenal FC. Both parties agreed terms in time for the kick-off of Arsenal FC’s opening match of the season against London rival West Ham United. Betfair who have signed betting …

Betfair has further increased its marketing presence in English football by securing a betting partnership with Leicester City FC for the upcoming Premier League Season 2015/2016. The operator add Leicester City FC as a marketing partner, having secured Premier League betting partnerships with Sunderland AFC and Aston Villa FC. Betfair sports betting and igaming services will be promoted throughout the …