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Tag Archives: betfair

Paddy Power Betfair Merging with FanDuel for US Operations

Paddy Power Betfair and FanDuel are merging their US operations, creating a US-facing gaming entity with a focus on sports betting. It’s the first major UK/US gaming merger to emerge from the US Supreme Court’s recent decision to leave the future of American sports betting in the hands of American …

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Paddy Power Betfair Looking at Possible FanDuel Acquisition

Officials from Paddy Power Betfair are in negotiations to possibly acquire the US daily fantasy sports site FanDuel. It’s the first major, potential, acquisition of a US sports wagering firm since the US Supreme Court green-lighted regulated sports betting at the state level earlier this week. And, in the eyes …

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Betfair Inks Deal with Professional Drone Racing League

Betfair, one of the UK’s largest betting exchanges, will be breaking new ground in the sports betting world when it offers wagers on professional drone racing later this month. The company recently signed a deal with the Drone Racing League (DRL) to provide wagering services for its Allianz World Championship. …

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Paddy Power Betfair Diving into US DFS Market with DRAFT Acquisition

Paddy Power Betfair, the Ireland-based operator, is dipping its toes into the US daily fantasy sports market with its recent acquisition of an American DFS site called DRAFT. It’s a gutsy move that puts Paddy Power Betfair in direct competition with the industry’s biggest players, Draft Kings and FanDuel. The …

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Betfair Pulls Out from Polish Online Gambling Market

Betfair has announced that it will be exiting the Polish online gambling market. The move comes in the wake of a new regulatory scheme for operators that’s designed to crush the country’s thriving grey market gambling scene. The company’s exit comes just days before the Polish government enacts a new …

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Paddy Power Betfair Reports Solid 2016 Revenue

Paddy Power Betfair’s first year of combined operations was highlighted by increased revenue. That revenue boost, however, was dragged down a bit by the costs of joining the two companies. The company’s 2016 results were released in the form of an earnings report on Tuesday, which was well received by …

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Betfair Launching First US Betting Exchange May 10

Betfair is looking at a May 10 launch for what the company is calling, the first US betting exchange, out of Monmouth Park, New Jersey racetrack. It’s a big move for the company and has the potential to shake up the New Jersey online gambling market. The UK-based bookmaker cracked …

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Paddy Power Betfair Lays off 300 in Ireland; 350 in Britain

Paddy Power Betfair is taking an axe to its payroll with a massive round of layoffs. The newly merged companies are trimming 650 employees from their roster as part of an effort to cut company wide costs. The cuts will impact 300 employees in Ireland, where Paddy Power was originally …

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Betfair Exits Canadian Market

Betfair recently announced that it is exiting the Canadian sports betting market and will no longer be taking action from Canadian players. Though no one is certain exactly what triggered the move, it’s believed that it has something to do with the company’s impending merger with Paddy Power. The announcement, …

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