Following this week’s group Annual General Meeting (AGM), the governance of FTSE100 listed Paddy Power Betfair (PPB) has confirmed the appointment of former BT Group executive Emer Timmons as a new Non-Executive Director. A ten-year BT Group leadership executive, Timmons will advise PPB governance on international development projects and commercial strategy and initiatives. Timmons currently serves as Chief Marketing Officer of …
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Breon Corcoran – Paddy Power Betfair exploring US options as European competition hits ‘extreme levels’
Breon Corcoran CEO of Paddy Power Betfair (PPB) is unafraid of expanding his firm’s presence and services within the US betting/gambling market, as European competition intensifies. Speaking to investors at PPB’s AGM, Corcoran makes his statement as FTSE100 PPB adds mobile US DFS operator DRAFT to its US market assets, having last week acquired the company for a total consideration …
Read More »Triple Play…New Zealand Racing Board forms FOB project with NYX OpenBet & Paddy Power Betfair
The New Zealand Racing Board (NZRB) has selected NYX Gaming sports betting subsidiary OpenBet and Paddy Power Betfair (PPB) to deliver its platform solutions and operational services for its fixed odds betting (FOB) business. In January 2016, NZRB governance announced that it would work with NYX Gaming on enhancing its FOB services, seeking to update provisions for modern consumer habits …
Read More »Are you experiential? Future-casting for retail betting…
The major high-street bookmakers are facing up to the challenge of how to re-invent retail betting in the face of increasing channel shift and the potential fall of machine revenues…. ____________________ As benefits the current limbo afflicting the UK betting shop sector, the first-quarter trading statements from Ladbrokes Coral and William Hill presented a mixed picture of the health of …
Read More »Back Again…PIRC warns against Paddy Power Betfair executive compensation
Shareholder advisory Pensions & Investment Research Consultants (PIRC) has again criticised Paddy Power Betfair (PPB) governance regarding executive rewards and bonus arrangements, ahead of the FTSE firm’s annual general meeting this Wednesday. PIRC advises PPB investors to reject the firm’s remuneration report, due to concerns regarding the ‘termination arrangements’ for PPB governance and leadership. The shareholder advisory points to last …
Read More »Sportsbook growth drives Paddy Power Betfair Q1 2017 performance
The governance of Paddy Power Betfair Plc (PPB) has stated that it is confident of securing 2017 group targets and expectations following a strong start to its financial year aided by favourable results recorded at Cheltenham 2017. Presenting its Q1 2017 trading update (period ending 31 March), PPB declared underlying group revenues of £416 million up 23% on corresponding Q1 …
Read More »Paddy Power Betfair – Sponsor Profile – #bofcon2017
Paddy Power Betfair is sponsoring Betting on Football 2017, the fourth edition of the largest international football and betting trade conference at Chelsea FC’s Stamford Bridge. Ahead of the 3-5 May event, we spoke to Kieran Packman, Head of B2B for Paddy Power Betfair, about why football is such an attractive sport for betting, how the market is changing from a consumer …
Read More »Gavin Hamilton Paddy Power Betfair Gaming Director joins Red Tiger as MD
New online casino games developer Red Tiger Gaming has moved to strengthen its senior management team by confirming the appointment of Gavin Hamilton as its new Managing Director. Hamilton, who will start in May, joins Red Tiger Gaming following a six-year stint at Paddy Power Betfair, where he held senior roles including Director of Gaming, Head of eGaming and several senior …
Read More »Glorious week sees UK bookmakers fall ‘back in love’ with the Cheltenham Festival
UK bookmakers have fallen back in love with racing’s Cheltenham Festival (14-17 March), following a week of bookmaker friendly results. Wrapping up Cheltenham 2017, bookmakers en masse would label this year’s festival as ‘the best ever’ which will likely break records once industry takings are fully audited. On Friday, the industry avoided a £20 million payout as 7-1 outsider Sizing …
Read More »Breon Corcoran – Paddy Power Betfair considering all options to build a Global Legacy
Breon Corcoran has told Paddy Power Betfair (PPB) investors and the media that his company will not shy away from corporate acquisitions, as he expects further consolidation within the global gambling market. Speaking to investors following the presentation of PPB’s full-year 2016 results, Corcoran detailed that PPB governance was keeping an eye on market M&A activity, despite undertaking the integration …
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