Flutter Entertainment has confirmed the departure of Victor Corcoran as Chief Executive of Paddy Power. Corcoran’s exit from the role comes as Flutter announces internal changes to its UK-&-IRE division, which has seen brand CEOs become Chief Commercial Officers (CCOs). The CCOs will be charged with overseeing the commercial performance of the FTSE100 firm’s home market brands. Former Retail MD …
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Irish Racing to trial new Starting Price
The Board of Horse Racing Ireland (HRI) has approved a change in how the Starting Price on Irish racing will be determined. Beginning at the Kilbeggan fixture next Monday, June 13, a combination of off-course prices and on-course bookmaker prices will be used to produce Irish horseracing’s new Starting Price index . HRI outlined that on-course bookmakers will make up …
Read More »BT and Warner Bros. Discovery finalise UK and Ireland sports venture
BT and Warner Bros. Discovery have introduced a 50-50 joint premium sports venture in the UK and Ireland. The collaboration sees BT Sport transferred to Warner Bros. Discovery, meaning that the BT Sport network and Eurosport UK are operated together. Additionally, BT will gain £93 million from Warner Bros. Discovery and up to around GBP540 million by way of an …
Read More »Flutter brands FanDuel its hyper-growth child as costly UK headwinds mount
Flutter Entertainment Plc has secured a ‘positive start to year trading’ as the FTSE100 betting group expands its recreational player base to ‘+8.8 million active monthly players (AMPS)’ across its global brand portfolio mitigating UK and Euro market headwinds. Publishing its Q1 trading update (period ending 31 March), Flutter registered group revenues of £1.56 billion, up 6% on comparative Q1 …
Read More »Soft2Bet awarded licence from the Irish Revenue Commissioners
Casino and sportsbook platform provider Soft2Bet has confirmed this week that it has been given a licence from the Irish Revenue Commissioners, enabling the firm to offer its extensive portfolio of casino games in Ireland. Soft2Bet’s entry into the Irish market marks yet another strategic move for the operator group which is in the process of expanding its global footprint …
Read More »Peter Jackson: Sustainable play is key for Flutter to match changing UK economics
Peter Jackson, Group CEO of Flutter Entertainment Plc described 2021 results as a ‘tale of two halves” for the FTSE100 betting group’s UK&IRE brands. Matched against COVID-influenced record wagering Q4 2020 comparatives, Jackson admitted that the group’s flagship UK&IRE business had somewhat lost its trading momentum. UK&IRE teams “saw a very material swing in sports results year-on-year. The swing from …
Read More »Irish bookmakers challenge lottery betting ban
Bookmakers in Ireland have voiced their opposition to the potential passing of a law that would prohibit bets on the National Lottery. As reported in the Irish Examiner, the Seanad will debate a bill today that would ban firms from offering bets on the outcome of the National Lottery draw, which has been available since its formation in the 1980’s. If passed, the bill …
Read More »Paddy Power orders in-store display upgrade powered by BoscaSports
Paddy Power has moved to upgrade its in-store customer engagement by deploying BoscaSports cutting-edge digital displays. The heritage bookmaker has informed that it will introduce BoscaSports displays to more than 40 of its betting shops in the UK and Ireland by the end of 2022 trading. BoscaSports are the leading provider of digital display technology offering integrated sports display solutions …
Read More »Ireland HRB reports social mobility as a growing problem gambling concern
Social mobility has been outlined as underlining factor by the Health Research Board (HRB) of the Republic of Ireland which found those in deprived areas were more likely to suffer from problem gambling. Publishing its first report on ‘Irish Gambling Trends’, the HRB also found a direct link between those who have high-risk alcohol consumption with higher levels of problem gambling, …
Read More »BoyleSports Eddie Bennett confirms exit as Digital MD
BoyleSports is seeking a new leader for its online division, after incumbent Eddie Bennett announced his departure from the Irish betting group. Posting a LinkedIn update last Friday, Bennett confirmed that he had chosen to end his six-year tenure as Digital MD of BoyleSports. “Today is my final day at BoyleSports, drawing a close to an exciting and challenging chapter in …
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