With the latest US polls showing a too-close-to-call US Presidential election less than a week from the actual vote, the odds of a Hillary Clinton victory has been steadily dropping at some of the leading UK bookmakers taking bets on the election outcome. As recently as two weeks ago some of the bookmakers were calling…
Read moreWith now less than three weeks to go, we thought that we would take a quick look at what UK oddsmakers and bookmakers are saying the 'real' odds are right now of either Hillary Clinton or Donald Trump winning the US Presidential election on November 8. Unlike polls, oddsmakers' numbers aren't estimates or polled people saying…
Read moreThe United Kingdom Gambling Commission has earlier today published a statement on its website telling gambling operators in the country to learn from the failures of Paddy Power Group. Paddy Power, which recently merged with Betfair, is named and shamed over failures regarding anti-money laundering controls and social responsibility. For that matter, the company will…
Read moreFollowing the court approval of the proposed merger of online betting operators Paddy Power plc and Betfair Group plc, the deal was today completed. As a result, there is a new combined entity named Paddy Power Betfair plc, operating from https://www.paddypowerbetfair.com. Trading in the Betfair Shares on the London Stock Exchange's market for listed securities and…
Read moreShortly after the proposed merger of Paddy Power plc and Betfair Group Ltd (LON:BET) secured the nods of approval of the UK Competition and Markets Authority (CMA) and Ireland’s Competition and Consumer Protection Commission (CCPC), the deal got the approval of a UK court. The High Court of Justice of England and Wales has today…
Read moreA followup to LeapRate's story of the proposed acquisition of Betfair Group Ltd (LON:BET) by Paddy Power plc... Shareholders in both companies today voted in favor of the proposed scheme of the merger. The deal is set to close in the first quarter of 2016, pending certain conditions, such as sanction of the Scheme by the…
Read moreThe UK Competition and Markets Authority (CMA) today announced that it has decided not to refer the anticipated merger of Paddy Power plc and Betfair Group Ltd (LON:BET) to a Phase 2 investigation under the provisions of the Enterprise Act 2002, thus giving its consent for the deal to proceed. Betfair expects that the deal,…
Read moreBetfair shareholders will be entitled to receive 0.4254 shares in newly created Paddy Power Betfair in exchange for each Betfair share.
Read moreUnder the terms of the agreement, Betfair shareholders will own 48%, and Paddy Power shareholders will own 52% of a new entity called Paddy Power Betfair plc.
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