Tag Archives: Paddy Power Betfair

David Foster departs Paddy Power Betfair to lead GVC regulatory affairs

David Foster has departed his role as Public Affairs Manager at Paddy Power Betfair (PPB) after being appointed as the new head of regulatory affairs at GVC Holdings. After spending over three years at PPB, Foster was tasked with overseeing the development of both regulatory and policy frameworks to facilitate the operator’s growth strategy. “Really excited to have started my …

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Paddy Power Betfair looks to rename to reflect growing brand portfolio

Bookmaker group Paddy Power Betfair has released a proposition to rebrand the group as Flutter Entertainments in a bid to reflect the group’s growing brand portfolio. In a release of the group’s preliminary full-year 2018 results, the group outlined that its recent merger and acquisition drive meant that a rebrand would be essential in order to represent its global range. …

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Paddy Power Betfair seeks ‘global podium position’ following year of strategic investments

FTSE100 betting group Paddy Power Betfair (PPB) has published its preliminary full-year 2018 results, detailing that the firm has made progress on its global agenda, whilst navigating UK home market complexities. PPB maintains its corporate revenue growth at £1.87 billion (FY2017: £1.74bn), with the betting group detailing robust digital revenues of £948 million (FY2017: £898m), combined with an underlying digital …

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SportCaller partners with FanDuel to boost US presence

U.S. Operator FanDuel, has partnered up with free-to-play (FTP) sports-game provider SportCaller, to offer a series of marquee games, starting with its NCAA March Madness basketball. As part of the new collaboration, the FTP specialist will roll out a number of games out across its light-to-deploy platform, which will include a number of major American sports. Lorcan Kelly, VP of …

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Paddy Power Betfair challenges €55 million tax whammy

FTSE100 betting group Paddy Power Betfair (PPB) has confirmed that it will appeal its €55 million European tax charge imposed by the authorities of Germany and Greece. The first charge of €40 million relates to Germany’s Hessen Fiscal Court rejecting PPB’s 2012 Betfair Exchange tax assessment. The Hessen Court supports the German tax authority’s backdated review of Betfair Exchange transactions …

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Gary McGann – Irish tax doubling will hurt ‘home heroes’ like Paddy Power Betfair

The Sunday Times has this weekend published extracts of a letter written by Paddy Power Betfair (PPB) Executive Chairman Gary McGann to Paschal Donohoe, Ireland’s Finance Minister pleading for Fine Gael not to pursue with a new betting tax regime. The letter published under ‘the freedom of legislation’ act, sees McGann state that the Dáil approved/pending doubling of the Irish …

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Assessing Europe’s influence on the emerging US market

US market - Closeup of Flags of USA and European Union

Sports betting is sports betting; right? Fundamentally, yes. But where the US market and its European counterpart are concerned, it comes in slightly different flavours. Three industry experts explain… Talk of Europe’s role as a shaping presence in the US market for sports betting became something of a leitmotif to proceedings from the moment that PASPA was consigned to the …

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Paddy Power Betfair enters Georgian market with Adjarabet acquisition

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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FanDuel secures real-time automation with Fresh8

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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Changing global dynamics see Paddy Power Betfair & Stars Group discuss giant merger plans

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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