Tag Archives: Paddy Power Betfair

FTSE listed global payments provider Worldpay has secured a major services agreement with newly merged online betting/gaming enterprise Paddy Power Betfair. The agreement will see Worldpay service payment processing services for Paddy Power Betfair assets. Furthermore, Worldpay management stated that the operator would use its services to gain additional payment insights, user learnings and operational efficiencies. Worldpay a leading payment …

Both Paddy Power and Betfair were achieving double digit growth ahead of their merger last month – Paddy Power had grown its revenues by 24% to €1.1bn in 2015, while Betfair’s final quarter as an independent company saw revenues increase by 21%. However both firms also had their figures blunted by taxation. Over 2015 Paddy Power’s operating profit increased 10% …

Tuesday morning will see the first joint publication of Paddy Power Betfair results, as FTSE analysts and commentators eagerly await the performance update of online betting’ biggest market capital operator. Having opened trading with a £105 share price on the London and Dublin stock exchanges on 2 February, Paddy Power Betfair entered the prestigious FTSE 100 index last week having …

SafeCharge, a leader in advanced payment technologies, has today announced that betting operator Paddy Power Betfair has chosen SafeCharge’s Personalised Cashier to facilitate the checkout journey of its players on a global scale. SafeCharge’s Personalised Cashier is a technology-based solution for deposits, withdrawals and diverse alternative payment methods that optimises all aspects of the payment funnel. It includes multiple approaches to assist players at …

Having announced yesterday, that governances had agreed on terms and conditions for their planned £5 billion merger. Paddy Power and Betfair executive teams have detailed further insight with regards to merger plans and long term integrations of the operators. Central to its long term growth, will be the estimated annual cost saving of £50 million through shared synergies which the …

Issuing an investor update this morning, Betfair and Paddy Power governances have confirmed that terms and conditions of their proposed £5 billion merger have been agreed on. The announcement sees Paddy Power agreeing to acquire Betfair assets at a value of £2.86 billion ($3.2 billion). Once completed the planned merger will result in Paddy Power shareholders owning 52% of the …