Tag Archives: Paddy Power Betfair

ABB backs bookmakers’ contribution to greyhound welfare

The Association of British Bookmakers (ABB) has welcomed UK bookmakers’ decision to supply an additional £3m in funding to the provision of greyhound welfare and the uplift of the greyhound racing industry as a whole. The funding commitment will be paid for by UK bookmakers, after the UK Gambling Commission secured a voluntary agreement with Betfred, William Hill, Sky Betting …

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Sportsbet advert draws record number of complaints

Sportsbet

An advert for one of Australia’s biggest online bookmakers Sportsbet has drawn 793 complaints, a new record in the country, for making a link between betting and sexual success. The Ad Standards said that the Paddy Power Betfair owned online bookmaker had sent a “false message to young males that gambling will improve their sexual appeal”. As reported in the …

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Dave Hammond: “The SBTech culture is one of winning and driving expansion”

Earlier this month, Dave Hammond left his role as B2B Divisions Director at Paddy Power Betfair to take up the reign as COO of SBTech, charged with driving growth through 2019 and beyond. Following the appointment we spoke to Hammond regarding the transition, personal and company-wide ambitions, the future of online sports betting and much more. ____________________ SBC: Why was …

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Law firm seeks £1.5m in victim compensation against UK betting firms

Closing 2018, The Guardian newspaper reports further headaches for UK betting leadership as London law firm Mackrell Turner Garrett (Mackrell) seeks £1.5 million in victim compensation settlements against FTSE-listed betting firms’ – William Hill Plc and Paddy Power Betfair (PPB). The victim compensation claims relate to addicted gamblers wagering with stolen money at William Hill betting shops and PPB’s Betfair …

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Product shrewd Paddy Power Betfair confident of future prospects

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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Paddy Power Betfair issued £2.2m penalty package

Paddy Power Betfair has been fined £2.2m after an investigation by the Gambling Commission found that the UK operator was guilty of various social responsibility shortcomings. The UKGC investigation brought to light that the firm had failed to intervene when a bettor played with large sums of stolen charity money on its site, as well as falling short when it …

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Paddy Power Betfair sets up ‘Alpha Hub’ Romania accelerator to tackle responsible gambling dynamics

FTSE100 betting group Paddy Power Betfair Plc (PPB) has announced the launch of its Cluj Romania ‘Alpha Hub’ accelerator program, focusing on enhancing the industry’s responsible gambling and sustainability dynamics. The accelerator programme sees PPB partner with Romanian technology enterprise groups’ Techsylvania and Risky Business Romania to open its initiative to the top development and engineering talent. For a number of …

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Paddy Power Betfair renews FTP drive with SportCaller

Free-to-play industry games developer SportCaller extends its two-year partnership with FTSE100 betting group Paddy Power Betfair (PPB) announcing the launch of a new ‘Beat The Drop’ game. SportCaller and PPB had previously launched the ‘Beat The Drop’ FTP game during World Cup Russia 2018, with the title receiving great acclaim whilst beating partnership expectations. With the new European football season underway, …

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Nigel Eccles sues Paddy Power Betfair for ‘purposely undervaluing’ FanDuel

US Tech news source Recode has reported that FanDuel enterprise co-founder Nigel Eccles (former CEO) is preparing to take Paddy Power Betfair (PPB) to court, regarding its $465 million takeover of FanDuel completed in July 2018. Eccles representatives have filed a Scottish court order against PPB, representing four of FanDuel’s enterprise co-founders; Nigel Eccles, wife Lesley Eccles (former CMO), Tom …

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Paddy Power Betfair positive on performance despite facing new international realities

FTSE100 betting group Paddy Power Betfair Plc (PPB) has readjusted its full-year 2018 underlying EBITDA to be between £460 – 480 million range, detailing that its momentum will be impacted by the introduction of ‘new taxes in Australia and costs incurred by its acquisition of US fantasy sports operator FanDuel’. Despite the cost adjustments, PPB governance declares positive interim H1 …

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