Tag Archives: Paddy Power Betfair

Publishing its Q1 trading update (period ending 31 March), FTSE100 betting group Paddy Power Betfair (PPB) has reported a tough opening for 2018, as the firm’s corporate performance was impacted by several factors. Updating the market, PPB reports a 2% decline in group revenues to £408 million (Q1 2017: £416 million). The betting group detailed that its punters had been …

Microgaming has become the latest firm to join the ranks of the All-in Diversity Project as a founding member, as it strives to help spearhead progress towards a more inclusive gaming sector. All-in Diversity is a not for profit industry driven initiative, that is aiming to facilitate open discussions in the key strategic areas of diversity, equality and inclusion, across the …

Smoother ‘Next Off’ navigation, a clearer race overview and more detailed information about previous performances for each runner are just some of the improvements made to the horse racing coverage on LeoVegas. This is after LeoVegas implemented the new racing client from Kambi and improved race data from Timeform, a wholly-owned subsidiary of Paddy Power Betfair. Timeform specialises in collecting, …

FTSE100 betting group Paddy Power Betfair Plc (PPB) has confirmed the appointment of Jonathan Hill as Group Chief Financial Officer (CFO). Hill the current CFO of senior citizens’ financial services firm Saga Plc, is set to join PPB’s corporate leadership team this autumn, replacing long-term group finance lead Alex Gersh who this March confirmed his departure from PPB’s executive team. …

Presenting his first trading updating as Paddy Power Betfair (PPB) Group Chief Executive Peter Jackson has prioritised ‘returning growth to Paddy Power operations’. Updating investors on a successful full-year 2017 performance, in which PPB outperformed its market expectations, Jackson sets a high bar for PPB executives in 2018. Jackson praised PPB development teams for delivering the group’s combined platform system …

Publishing its preliminary full-year 2017 results, FTSE100 betting group Paddy Power Betfair Plc (PPB) reports strong growth across its core metrics and KPIs, as the company delivers on key merger projects and initiatives. Completing year 2 as an enlarged enterprise, PPB reports a 13% increase in group revenues to £1.7 billion (FY 2016: £1.5 billion), driven by a 16% growth …

The governance of William Hill Plc has today disclosed that it has signed a binding agreement to sell its William Hill Australia division to CrownBet for AUS $300 million (€185 million). The FTSE bookmaker had placed its William Hill Australia division under strategic review in January, as a result of the Australian government’s ban on credit betting and the likely …

The Sunday Times has this weekend reported that Paddy Power Betfair Chief Financial Officer Alex Gersh has signalled his intention to depart the FTSE100 betting group’s executive leadership team. The governance of Paddy Power Betfair is reported to have begun its executive search for Gersh’s replacement as group financial leader. Gersh will maintain the executive role with until his replacement …

The Australian Financial Review has revealed that CrownBet and Paddy Power Betfair subsidiary Sportsbet.com.au are the two suitors bidding for William Hill Australia. Both operators are reported to have confirmed their interest this week in pursuing William Hill’s troubled Australian business division and will be allowed to perform due diligence on the asset to prepare their formal bids. The update, …

Peter Jackson the new Group CEO of Paddy Power Betfair Plc (PPB), continues the strategic realignment of the FTSE100 bookmaker’s executive leadership team. Jackson’s latest movements, see him promote Aine Flanagan to Group Chief Strategy Officer (CSO), having previously served as Managing Director of UK & Ireland for PPB. Flanagan is a seasoned eCommerce and digital operations strategist, who will take …