FTSE100 Paddy Power Betfair (PPB) has expanded its reach into the Georgian regulated gambling market acquiring a 51 per cent shareholding in leading betting and gaming group Adjarabet. The initial cash consideration put forward for Adjarabet’s majority shareholding totals £101m, with the UK operator granted first right to acquire the remaining 49 per cent within a period of three years. …
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Paddy Power Betfair (PPB) US subsidiary FanDuel has announced that it will optimise its full marketing suite utilising Fresh8 software. Updating stakeholders, FanDuel is set to integrate Fresh8 ‘machine optimised assets’ across its entire marketing/advertising inventory, operating across all active US state markets. The partnership will see the US betting operator move to significantly improve its audience engagement across programmatic, …
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The Sunday Times has this weekend reported that the governances of Paddy Power Betfair (PPB) and The Stars Group Inc held mutual talks in late 2018, discussing a ground-breaking merger. The two enterprises, which are competing to dominate global gambling’s new landscape disrupted by the repeal of US PASPA federal laws, multiple changes in European regulatory frameworks and the UK’s enforced …
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William Hill US has settled its copyright infringement lawsuit against FanDuel after the competing sportsbook operator distributed a near-identical “how to bet” guide at the Meadowlands Park Racetrack. It has been reported that the money received as part of the settlement will be used to fund the development of creative writing programs at universities across New Jersey, as well as initiatives …
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DraftKings has launched the first phase of its NJ online casino platform, after a blackjack game for Android users was incorporated into the firm’s existing sportsbook app for The Garden State. According to Online Poker Report, more games will follow as the iOS client becomes available for Apple devices in the near future, but the operator has “no apparent plans …
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The governance of FTSE100 Paddy Power Betfair (PPB) is confident of delivering on its full-year corporate expectations, following a robust Q3 2018 trading period, in which the company has made significant progress on its US agenda. Publishing its Q3 2018 (period ending 30 September) trading update, PPB records a 12% increase in group revenues to £483 million, with PPB governance …
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An Albany judge has thrown the future of Daily Fantasy Sports into potential turbulence, ruling that gambling prohibitions in the state were being breached by the daily contests offered by DFS operators. The ruling contradicts that of a previous judge, who in 2016 outlined his belief that DFS sites fell under the umbrella of permitted games of skill, highlighting that …
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Betting on Sports America, the new sports betting conference and exhibition from SBC, is so big that it is spanning two states! The conference, which is being held from 23-25 April 2019, will start off in New York City, cross the Hudson River to New Jersey, before returning to Manhattan to round things off. The event will open on Tuesday …
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William Hill US has opened legal proceedings against competing sportsbook operator FanDuel, over alleged copyright infringement relating to a betting guide at the Meadowlands racetrack. The civil complaint filed by William Hill has outlined that the ‘How to Bet Guide’ distributed by FanDuel was identical to the Hill’s guide. One of the key passages in FanDuel’s guide features the wording …
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Regulus Partners, the strategic consultancy focused on international gambling and related industries, takes a look at some key developments for the gambling industry in its ‘Winning Post’ column. UK: Politics – Watson’s reforms more elementary than barking mad Britain’s gambling stakeholders were offered a vision of regulation under a Labour government this week as the party’s deputy leader, Tom Watson …
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