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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Inspired completes Virgo RGS integration with OpenBet
Inspired has successfully integrated its Virgo™ Remote Gaming Server (RGS) into OpenBet’s gaming platform. This integration allows for the supply of Inspired’s omni-channel content to OpenBet’s online and mobile customers, including Paddy Power and Ladbrokes, via Inspired’s Virgo™ RGS. OpenBet takes over a billion sports bets annually, and is renowned for its performance and scalability. Inspired has been supplying its leading …
Read More »Just how tall is Trump Tower?
As the primaries march on, more and more are placing a rather terrifying bet on Donald Trump becoming the next US President as his Republican candidacy looks ever more likely. There’s another market which has opened in regard to the wall building fanatic however, and it’s somehow more terrifying than the idea of his presidency. Paddy Power is now taking bets …
Read More »Current Levy level unsustainable for LBOs
Horseracing and the government has been warned that the current level of Horseracing Levy being paid by betting shops is unsustainable and will need to be lowered if the sport is going to thrive in betting shops. Speaking at the Association of British Bookmakers AGM in London yesterday, Paul Darling QC underlined the fact that betting shop operators are paying …
Read More »BetVictor replaces Paddy Power as Cheltenham Open feature race sponsors
The feature race of the Cheltenham Open meeting is to be known as the BetVictor Gold Cup, after the firm took over the sponsorship lost by Paddy Power due to the authorised betting partner row. The race has been sponsored by Paddy Power since 2003, but the bookmaker has not signed up for ABP status and is therefore unable to …
Read More »Time for bookmakers to wake up and smell the coffee on AML rules
Licensing expert David Clifton, of gambling consultancy Clifton Davies, takes a look at the recent movement by the regulator to tighten up money-laundering processes and doesn’t see any good news for bookmakers. The recent publication on the Gambling Commission’s website of a public statement highlighting failures in Paddy Power’s anti-money laundering (AML) and social responsibility processes is the latest in what …
Read More »Paddy Power revenues hit €1bn before Betfair merger
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% …
Read More »Paddy Power innovation: One Touch & Track My Bet
Paddy Power has released its latest innovation, One Touch, with a focus on improving the ease with which users are able to place live bets. A statement on its launch summarised many users’ issues with in-play betting in that it’s overly time consuming with action affecting the bet you may wish to place with every second that passes. The bookmaker claims …
Read More »Hello Madam? Paddy Power releases spoof complaint ads with Kayvan Novak
Kayvan Novak, the star of Fonejacker and Facejacker, has teamed up with Paddy Power to feature in a new series of adverts for the bookmaker. Novak plays the role of head of complaints for the betting operator which has a reputation for touting controversy and has received extensive complaints in the past. Thanks to its Oscar Pistorius ‘It’s Oscar Time’ advert, …
Read More »Gav Thompson departs as Paddy Power CMO
The completed merger of ‘Paddy Power – Betfair’, has seen Paddy Power Chief Marketing Office (CMO) Gav Thompson, step down from his Paddy Power senior management position. ‘Paddy Power – Betfair’ group marketing initiatives are set to be merged and led by Betfair CMO Johnny Devitt, who has previously served as Paddy Power Head of Marketing & Acquisitions (2011-2013). Thompson …
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