A new FTSE100 gambling giant was formed this morning, as Flutter Entertainment Plc confirmed the outright completion of its $11 billion merger with The Stars Group Inc (TSG). Flutter has completed its six-month merger pursuit of TSG ‘on schedule’, securing all regulatory (Australia, UK and US) and shareholder approvals during the first half of 2020 trading. Updating its timetable, the …
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SportCaller Performance Director Paddy McDermott examines the rapidly changing marketing landscape for bookmakers, and explains how a flexible FTP platform can best sit within this framework. Gambling operators, and their tactics for acquiring and retaining players, continue to face a sustained period of scrutiny and attack. This is coming from regulators, certain elements of the press and numerous lobbying groups …
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FTSE100 betting group Paddy Power Betfair (PPB) has published its preliminary full-year 2018 results, detailing that the firm has made progress on its global agenda, whilst navigating UK home market complexities. PPB maintains its corporate revenue growth at £1.87 billion (FY2017: £1.74bn), with the betting group detailing robust digital revenues of £948 million (FY2017: £898m), combined with an underlying digital …
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FTSE100 betting group Paddy Power Betfair (PPB) has confirmed that it will appeal its €55 million European tax charge imposed by the authorities of Germany and Greece. The first charge of €40 million relates to Germany’s Hessen Fiscal Court rejecting PPB’s 2012 Betfair Exchange tax assessment. The Hessen Court supports the German tax authority’s backdated review of Betfair Exchange transactions …
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The Sunday Times has this weekend published extracts of a letter written by Paddy Power Betfair (PPB) Executive Chairman Gary McGann to Paschal Donohoe, Ireland’s Finance Minister pleading for Fine Gael not to pursue with a new betting tax regime. The letter published under ‘the freedom of legislation’ act, sees McGann state that the Dáil approved/pending doubling of the Irish …
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The Sunday Times has this weekend reported that the governances of Paddy Power Betfair (PPB) and The Stars Group Inc held mutual talks in late 2018, discussing a ground-breaking merger. The two enterprises, which are competing to dominate global gambling’s new landscape disrupted by the repeal of US PASPA federal laws, multiple changes in European regulatory frameworks and the UK’s enforced …
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The New Zealand Racing Board (NZRB) has hailed a ‘new era for Kiwi punters’ after launching its long-awaited fixed odds betting portal. Operating under the ‘New Zealand TAB’ domain – www.TAB.co.nz, the new racing platform is powered by Scientific Games’ OpenBet as lead systems provider, supported by Paddy Power Betfair. Launching TAB NZ’s new property, NZRB Chief Executive John Allen stated that …
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The governance of FTSE100 Paddy Power Betfair (PPB) is confident of delivering on its full-year corporate expectations, following a robust Q3 2018 trading period, in which the company has made significant progress on its US agenda. Publishing its Q3 2018 (period ending 30 September) trading update, PPB records a 12% increase in group revenues to £483 million, with PPB governance …
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Celebrating 30-years in business, Paddy Power has confirmed that it will open a ‘Museum of Mischief’ in its hometown of Dublin, showcasing its most effective, controversial and engaging marketing campaigns. Working with Dublin-based audience engagement specialist agency Catapult, Paddy Power marketing plans to open its ‘Museum of Mischief’ on 18 September. The live and interactive concept will showcase Paddy Power …
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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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