Tag Archives: Paddy Power Betfair

‘Fair, Transparent and Balanced’ – Gary McGann defends Paddy Power Betfair executive pay policy

SBC News ‘Fair, Transparent and Balanced’ - Gary McGann defends Paddy Power Betfair executive pay policy

Addressing executive remuneration at Paddy Power Betfair (PPB) first ever AGM, Chairman Gary McGann stated that the company had implemented a ‘fair, transparent and balanced’ policy. McGann noted concerns on the matter, following 32% of shareholders voting against PPB’s executive pay report at the meeting. PPB’s Chairman stated that the divide stemmed from a change in the new group’s long …

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NRL secures Australia’s most lucrative sponsorship ever with Sportsbet

SBC News NRL secures Australia's most lucrative sponsorship ever with Sportsbet

Paddy Power Betfair Australian online betting subsidiary Sportsbet (Sportsbet.com.au) has confirmed that it has renewed its biggest sponsorship partnership with the National Rugby League (NRL). Confirming the renewal, Sportsbet declared that it had extended its sponsorship until 2020 at a value of more than AUS $60 million (£30 million). Australian marketing news sources revealed that the operator had beaten an …

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PIRC attacks Paddy Power Betfair executive payment scheme

SBC News PIRC attacks Paddy Power Betfair executive payment scheme

Paddy Power Betfair (PPB) is the latest FTSE-listed company to face a potential shareholder dispute concerning executive pay and compensation. Issuing a public statement, shareholder advisory group Pensions & Investment Research Consultants (PIRC) has called for PPB shareholders to reject the pay package of former Paddy Power CEO Andy McCue. Ahead of PPB’s annual general meeting, PIRC has stated that …

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Paddy Power Betfair hits + £40 million in profits despite woeful Cheltenham 2016

SBC News Paddy Power Betfair hits + £40 million in profits despite woeful Cheltenham 2016

Updating the market, FTSE-listed gambling operator Paddy Power Betfair (PPB) presented its proforma basis results (merged results) for Q1 2016 (period ending March 31). The newly merged FTSE-100 enterprise (merger officially completed 2 February) reported group revenues up 16% to £339 million for its opening quarter performance. PPB governance was pleased to report Q1 2016 metric growth, despite being impacted …

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Paddy Power Betfair seeks to merge advertising accounts

SBC News Paddy Power Betfair seeks to merge advertising accounts

The Irish Independent reports that recently merged Paddy Power Betfair (PPB) will look to cut one of its media agencies. Seeking further corporate alignment between Paddy Power and Betfair assets, PPB governance is reported to want to merge its entire + £40 million advertising account under the control of one lead agency. PPB will review its marketing planning and buying …

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Paddy Power Betfair promotes Ken Robertson to Advertising Director

SBC News Paddy Power Betfair promotes Ken Robertson to Advertising Director

Newly merged Paddy Power Betfair (PPB), continues its senior management restructure with the appointment of Ken Robertson to the new role of Advertising Director. Robertson a sixteen-year Paddy Power veteran, who has worked in numerous marketing and brand roles for the betting operator and its Australian subsidiary Sportsbet.com.au, has been promoted to the new role for the merged business. Robertson …

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Paddy Power cuts 300 Irish jobs

SBC News Paddy Power cuts 300 Irish jobs

Irish news sources have reported that Paddy Power is set to cut up to 300 jobs from its Dublin operations in-line with its post Betfair merger strategy. The betting operator informed its Dublin staff yesterday. It is reported that the job cuts will likely be in overlapping business areas such as marketing, technology development and trading. Paddy Power Betfair (PPB) …

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Matt Davey – NYX Gaming – Maintaining independence will be key to Openbet’s long term success

SBC News Matt Davey - NYX Gaming - Maintaining independence will be key to Openbet's long term success

Matt Davey Chief Executive of Toronto-listed igaming supplier NYX Gaming (NYX), has declared that ‘maintaining independence’ will be the key to acquired asset Openbet’s long term success. Reaching a binding agreement for its £270 million acquisition of Openbet from long-term private equity owners Vitruvian Partners, NYX’s deal will be part funded by William Hill (contributing £80 million) and Sky Betting and Gaming …

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Andy McCue exits Paddy Power Betfair

SBC News Andy McCue exits Paddy Power Betfair

Newly merged Paddy Power Betfair has confirmed that Chief Operational Officer (COO) Andy McCue has decided to step down from his leadership role at the FTSE 100 listed operator. The announcement of McCue’s departure will surprise many industry commentators, who had predicted that McCue would likely succeed Breon Corcoran as CEO of Paddy Power Betfair in the near future. McCue …

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