One of the co-founders of FanDuel has filed a Scottish lawsuit against Paddy Power Betfair (PPB), claiming that the FTSE betting group ‘purposely undervalued’ FanDuel’s enterprise value during its $465 million takeover transaction.
The cancellation of racing fixtures was used by PPB to explain a 7% reduction in exchange revenues for Q1, but calls to cut commission charges will only intensify given another disappointing return from April to June.
Betfair has announced the expansion of its strong sponsorship portfolio by entering into a new partnership with Spanish La Liga side, Sevilla.
As the business end of the Russian World Cup commences, Oddschecker has crunched the numbers and analysed the enthralling last fortnight of football.
Paddy Power Betfair (PPB) has reacted to PASPA repeal by moving to secure a database of DFS players through the proposed acquisition of FanDuel.
Ex-professional footballer Rio Ferdinand and online bookmaker Betfair have seen their boxing adventure come to an end, before it really had a chance to begin.
Betfair said that man of the match betting remains at the top of its extra or peripheral markets, after entering a new partnership with WhoScored.com.
FTSE100 betting group Paddy Power Betfair Plc (PPB) has beaten market expectations for its 2017 corporate performance.
Betfair customers can now “lock in their chosen profit” through Auto Cash Out, following a successful trial of the product with select players in UK and Ireland.
Playing a key role in improving diversity in the industry, Paddy Power Betfair Plc (PPB) has announced that it has partnered with industry workplace diversity program ‘All-in Diversity Project.