Betfair 2018 preliminary results released with a planned corporate name change
https://www.paddypowerbetfair.com/~/med ... 3-2019.pdf
Flutter Entertainment Plc.
"There are no plans to use this historical name for consumers, and we will seek shareholders permission for the change at our forthcoming AGM."
I always maintained they should keep the exchange Betfair and put all the sportsbook and "can't win" stuff into the flutter brand.
I always maintained they should keep the exchange Betfair and put all the sportsbook and "can't win" stuff into the flutter brand.
The ecosystem of exchange liquidity has been adversely affected in recent years by international market switch-offs due to regulatory changes. This has knock-on implications for UK exchange revenue growth. As such, successful execution of our international strategy will allow us to reverse this trend and enable Betfair to compete in additional global markets.
Sports revenue was up 3% with sportbook revenue (62% of total) up 6% and exchange and B2B revenue (38% of total) down 2%. In sportsbook, the impact of sports results on the year-on-year growth across the full year was immaterial, with more bookmaker friendly results in H1 2018 offsetting tough comparatives in Q4 2017. Accordingly, the increased sportsbook net revenue margin reflected an underlying increase in the average expected margin, which was partially offset by decreased stakes. This trend in part reflected reduced recycling of customer winnings in Q1, but also reflected an increased strategic focus on profitable revenue growth, rather than volume.
It's a shit name on the face of it, however........
They are looking to open themselves up to new jurisdictions that have previously been denied, or were removed - they need to remove **Bet** from their name, as this suggests they are just a gambling company, and including the word **entertainment** puts a different slant on what they are about!
I suppose too, considering Betfair play their own markets, cream money off broken books with XM, don't give a stuff about customers who have been victims of fraud or outages, whilst taking PC from those who are successful.................being called BetFAIR seems far removed from the company they started out as anyway
They are looking to open themselves up to new jurisdictions that have previously been denied, or were removed - they need to remove **Bet** from their name, as this suggests they are just a gambling company, and including the word **entertainment** puts a different slant on what they are about!
I suppose too, considering Betfair play their own markets, cream money off broken books with XM, don't give a stuff about customers who have been victims of fraud or outages, whilst taking PC from those who are successful.................being called BetFAIR seems far removed from the company they started out as anyway
PaddyPower/Betfair share pirce down 10% in 2 days ..