Will be interesting to see how integrated they become in future, but I guess the differences in the actual business models would make it more of a challenge. Right now Betfair have become a ABP but Paddypower haven't eitherLeTiss 4pm wrote:Interesting to note that Paddy Power and Betfair Sportsbook still have prices independent of each other.
When BetFred acquired ToteSport, their prices immediately became aligned with each other
Breaking News BETFAIR Merging with Paddy Power
-
convoysur-2
- Posts: 1110
- Joined: Thu Jan 12, 2012 10:00 am
i have noticed tonight that the sportsbook tab has disappeared see screenshot.i thought this cant be right ,
so opened new browser typed in betfair sportsbook ,and took me to the page where the options are EXCHANGE and BETTING ,no sportsbook to be seen ??
Marc
so opened new browser typed in betfair sportsbook ,and took me to the page where the options are EXCHANGE and BETTING ,no sportsbook to be seen ??
Marc
You do not have the required permissions to view the files attached to this post.
-
convoysur-2
- Posts: 1110
- Joined: Thu Jan 12, 2012 10:00 am
i just double checked ,still exchange and betting no sportsbook here,Kai wrote:Sportsbook is there for me.
im in ireland,,u think they would make it different for different countrys ?
Ouch!
Lessons to be learned from failures at Paddy Power: - http://www.gamblingcommission.gov.uk/Pr ... Group.aspx
An operator is set to share lessons with the wider industry and contribute £280,000 to socially responsible causes after failing to keep crime out of gambling and protect vulnerable people.
Richard Watson, Programme Director at the Commission said: “We expect the industry will learn the lessons from this case – it is their duty to keep crime out of gambling and protect vulnerable people from harm. If operators don’t implement processes and policies aimed at doing this then they risk losing their operating licence. Paddy Power failed in its dealing with three customers and is now facing the consequences of these actions in a very public way.”
Details of how Paddy Power failed to meet its anti-money laundering and social responsibility duties are included in the Commission’s public statement.
Lessons to be learned from failures at Paddy Power: - http://www.gamblingcommission.gov.uk/Pr ... Group.aspx
An operator is set to share lessons with the wider industry and contribute £280,000 to socially responsible causes after failing to keep crime out of gambling and protect vulnerable people.
Richard Watson, Programme Director at the Commission said: “We expect the industry will learn the lessons from this case – it is their duty to keep crime out of gambling and protect vulnerable people from harm. If operators don’t implement processes and policies aimed at doing this then they risk losing their operating licence. Paddy Power failed in its dealing with three customers and is now facing the consequences of these actions in a very public way.”
Details of how Paddy Power failed to meet its anti-money laundering and social responsibility duties are included in the Commission’s public statement.
-
andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
The public statement makes for interesting reading!
http://www.gamblingcommission.gov.uk/pd ... y-2016.pdf
Absolutely shocking report on Paddy Power
However, they were just operating like every other bookmaker
The truly immoral aspect of this though, is that whilst they are encouraging problem gamblers to reach bankruptcy, any shrewd punter gets restricted to £2 stakes
The bookies are solely responsible for the truly appalling image the industry has
However, they were just operating like every other bookmaker
The truly immoral aspect of this though, is that whilst they are encouraging problem gamblers to reach bankruptcy, any shrewd punter gets restricted to £2 stakes
The bookies are solely responsible for the truly appalling image the industry has
Sportsbooks doing well! 
No mention of the Exchange nor "Smoke and Mirrors"
http://www.independent.co.uk/news/busin ... 19971.html
No mention of the Exchange nor "Smoke and Mirrors"
http://www.independent.co.uk/news/busin ... 19971.html
I had a look at the results but given the nature of the beast now it's almost impossible to sensibly analyse.
Costs and revenue will be heavily obscured in the new structure, so you have to rely on the management's interpretation of revenue and costs centres. Difficult to really tell anything about the exchange side of things, especially given the lack of commentary.
TBH, I suspect that's intended.
Costs and revenue will be heavily obscured in the new structure, so you have to rely on the management's interpretation of revenue and costs centres. Difficult to really tell anything about the exchange side of things, especially given the lack of commentary.
TBH, I suspect that's intended.
..well you didnt need a crystal ball to see that coming..nice hol planned for easter somewhere!PeterLe wrote:Yep no doubt Breon got some more share options for doing a 'good job'
http://www.financial-market-news.com/pa ... ck/947278/
http://www.ft.com/cms/s/0/39419dfc-071a ... z46vAWEYsQ
Betfair Group Plc logos, left, and Paddy Power Plc logos, right, sit on a computer screen in this arranged photograph in London, U.K.©Bloomberg
Paddy Power Betfair had its worst day in a month on Wednesday after Credit Suisse questioned the logic of their £7bn merger.
Credit Suisse started coverage of Paddy Power with an “underperform” rating and £86.50 target price.
“We feel that cost synergies alone are a poor rationale for M&A in a growth industry such as online gaming,” it told clients. “Furthermore, we believe that scale is not as important as many believe and is no indication of potential market share gains.”
The conventional wisdom of bookmakers needing scale is disproved by market share data, which shows that since 2011 the share captured by the top-three UK online sites has shrunk slightly, Credit Suisse said.
While Paddy Power has targeted cutting £50m of costs, deeper operational synergies are likely to underwhelm as industry expenses tend to move in lockstep with revenue growth, it said.
“Both companies already each have a strong management team, good brand, good technology and largely have the geographic exposure that they each felt was appropriate,” said analyst Ed Birkin.
Yet the shares are trading at about 31 times 2016 earnings, meaning that investors have already priced in significantly improved growth from the merger while ignoring integration and regulatory risks, he said.
Paddy Power slid 4.3 per cent to £89.25. The stock had nearly doubled in the six months since August when the companies first announced their all-share merger but has since pared that advance to 58 per cent.
Betfair Group Plc logos, left, and Paddy Power Plc logos, right, sit on a computer screen in this arranged photograph in London, U.K.©Bloomberg
Paddy Power Betfair had its worst day in a month on Wednesday after Credit Suisse questioned the logic of their £7bn merger.
Credit Suisse started coverage of Paddy Power with an “underperform” rating and £86.50 target price.
“We feel that cost synergies alone are a poor rationale for M&A in a growth industry such as online gaming,” it told clients. “Furthermore, we believe that scale is not as important as many believe and is no indication of potential market share gains.”
The conventional wisdom of bookmakers needing scale is disproved by market share data, which shows that since 2011 the share captured by the top-three UK online sites has shrunk slightly, Credit Suisse said.
While Paddy Power has targeted cutting £50m of costs, deeper operational synergies are likely to underwhelm as industry expenses tend to move in lockstep with revenue growth, it said.
“Both companies already each have a strong management team, good brand, good technology and largely have the geographic exposure that they each felt was appropriate,” said analyst Ed Birkin.
Yet the shares are trading at about 31 times 2016 earnings, meaning that investors have already priced in significantly improved growth from the merger while ignoring integration and regulatory risks, he said.
Paddy Power slid 4.3 per cent to £89.25. The stock had nearly doubled in the six months since August when the companies first announced their all-share merger but has since pared that advance to 58 per cent.
-
andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
I can't disagree with much if anything he has said there.
Thanks for posting it.
Thanks for posting it.