The global online betting market has exploded in recent years, experiencing revenues five times higher than those ten years ago. With competition fierce, there has been significant investment in betting platforms and product development and the last 18 months have witnessed a series of mergers and attempted mergers as costs rise and margins fall.
The latest merger in the UK, that of Paddy Power with Betfair, created the world’s largest public online betting and gaming company. With recent profit increases for Paddy Power of 7 per cent in the 15 weeks running up to November 2015 the Paddy Power bosses are Read full story ›
Source: The Drum
Industry News
