Tag Archives: Paddy Power Betfair

Leader of the Year kicks off Sport in Focus at Betting on Sports

Sport in Focus

The 2018 Sports Betting Leader of the Year Sergey Portnov will be kicking off the Sport in Focus track at this year’s Betting on Sports conference. Sport in Focus is one of four tracks held on the first full day (18 September) of SBC’s flagship conference, which takes place at Olympia London from 17-20 September. Portnov, who took home the …

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Paddy Power Betfair begins life as Flutter Entertainment

The governance of FTSE100 gambling group Paddy Power Betfair Plc has confirmed that it has officially sanctioned the firm’s corporate rebrand to ‘Flutter Entertainment Plc’. The Flutter Entertainment rebrand was approved outright (99%) by company shareholders at the firm’s 15 May 2019 AGM. As previously communicated, the FTSE betting group undertakes the rebrand to ‘better reflect its broader business’ within …

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Paddy Power Betfair shareholders back ‘Flutter Entertainment’ rebrand

Paddy Power Betfair shareholders have backed the group’s proposition to rebrand as Flutter Entertainment, as confirmed as part of an annual general meeting for the operator. The Paddy Power Betfair chairman, Gary McGann, has confirmed that a 99.8 per cent majority of shareholders voting by proxy backed the move to rebrand the group, as it seeks to reflect the group’s …

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Paddy Power Betfair extends loan capacity to £700 million

Issuing a market filing, FTSE100 betting group Paddy Power Betfair (PPB) has confirmed it has added an additional £250 million to its corporate loan facility. Updating investors, PPB governance details that it has expanded its corporate loan facility to gain ‘further strategic financial flexibility’. The firm’s latest transaction will be added to PPB’s existing £450 million five-year revolving credit facility, …

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GVC, William Hill and bet365 top the list of GambleAware donations

According to recent figures released by GambleAware, UK operators GVC Holdings, William Hill and bet365 have topped the list of donations received by the charity, having given a combined amount of over £3.3m in 2018/19. GambleAware published its list of donations for the twelve months ending 31 March 2019. It has been pointed out that GVC Holdings, the umbrella group …

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Global profile helps Paddy Power Betfair post strong 2019 opening

FTSE100 gambling group Paddy Power Betfair (PPB) has reported a strong start to 2019 trading, despite recording unfavourable sporting results in the UK and Ireland. Publishing its Q1 2019 trading statement (for the period ending 31 March), PPB reports a ‘good underlying momentum’, as group revenues grow 17% year-on-year to £478 million (Q12018: £408m) driven by ‘excellent growth in both …

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Five join the Senet Group to promote responsible gambling

In a move to improve industry-wide collaboration and tackle problem gambling Aspers, Caesars, Genting, Playtech and the Rank Group have joined UK responsible gambling body Senet Group. The five will sit on the Senet Group’s quarterly CEO forum, which currently offers advice to the group’s Board and independent chairman, Gillian Wilmot. They join GVC (Ladbrokes Coral), William Hill, Paddy Power …

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Sportsbet fined for displaying illegal gambling advertisements

Australian operator Sportsbet has been hit with an AUS$10,000 (£5350) fine from New South Wales’ authorities after being convicted of displaying illicit gambling advertisements on its website. The advert in question displayed cartoon depictions of two male characters with their thumbs up, alongside the text: “Refer a Friend – Get a $100 Bonus Bet for every friend you refer to …

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GVC and Hero become the latest to join Swedish gaming association

SafeEnt

GVC Holdings and Hero Gaming are the two latest gaming operators to join the Swedish industry association Branschföreningen för onlinespel (BOS) which encourages probity, integrity and social responsibility for operators. The membership is set to apply to all gaming brands under the GVC and Hero umbrellas, including GVC’s bwin, PartyPoker and PartyCasino. For Hero, this will cover its Casino Heroes, …

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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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