Tag Archives: Peter Jackson

Paddy Power Betfair forms new US entity with FanDuel

FTSE100 betting group Paddy Power Betfair (PPB), has confirmed that it will create a new US-facing subsidiary, joining forces with daily fantasy sports operator FanDuel. Updating the market this afternoon, PPB governance confirms that it will merge its Betfair US division with FanDuel’s enterprise, as the company seeks to accelerate its position within the newly opened US market. The new …

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Paddy Power Betfair stands by FOBTs judgement

The governance of FTSE100 betting group Paddy Power Betfair Plc (PPB) has restated its support of the government’s £2 cut on FOBTs machine wagering. Issuing a corporate update, following yesterday’s DCMS triennial review judgement, PPB governance stated that the drastic FOBTs cut would not change the firm’s UK retail strategy. Updating the market, PPB estimates a 33-43% decline in total machine …

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Peter Jackson – Paddy Power Betfair eyes growth in disruption  

Taking on Paddy Power Betfair’s Q1 investor conference call, Group Chief Executive Peter Jackson has stated that the FTSE100 betting group has made substantial progress on its key initiatives, despite closing a disappointing trading period. With PPB development teams delivering the firm’s combined technology platform this January, Jackson details significant progress on his initial leadership goal of ‘returning Paddy Power …

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Adverse conditions see Paddy Power Betfair report tough opening to 2018

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 …

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Paddy Power Betfair hires Jonathan Hill as new Group CFO

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. …

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Peter Jackson – ‘Paddy Power will return to growth’

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 …

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Paddy Power Betfair out guns 2017 expectations

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 …

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Paddy Power Betfair seeks new CFO as Alex Gersh calls time as group financial lead

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 …

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Peter Jackson casts Flanagan & Hartnett as lead roles for Paddy Power Betfair strategy & development

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 …

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Peter Jackson makes first moves as Paddy Power Betfair CEO

Having taken over the official leadership duties of Paddy Power Betfair (PPB) this week, new Chief Executive Peter Jackson has announced two major executive appointments for the FTSE100 bookmaker. Issuing a short statement, PPB governance confirmed the promotion of Dan Taylor to the newly created role of Chief Executive of Europe. A Paddy Power executive since 2015, Taylor has previously …

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