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Keeping a Close Watch on the Paddy Power-Betfair merger

Monday September 7,2015 :  MERGER DISCLOSURES MAKE THE IRISH PRESS
 
Large loans and payments reported.
 
The Irish press is clearly keeping a close watch on the disclosures in the Paddy Power-Betfair merger reporting over the weekend that in April 2014, the group gave a loan of Euro 609,529 - without requiring any collateral or guarantee and without any interest attached - to a member of its executive management team who has not been named.
 
Asked for comment, the company said the individual concerned had been transferred overseas and has since repaid the loan.
 
The disclosures apparently also revealed that Paddy Power non-executive director Stewart Kenny, a co-founder - was paid Euro 200,000 in 2013, and again in 2014, for consulting fees not linked to his role on the Board.
 
A further disclosure reported that charges of Euro 404,425 were paid for advice from the Arthur Cox law firm; one of the partners in the firm, Padraig O'Riordain, is also a non-executive director on the Paddy Power board.
 
Paddy Power set share price records in Ireland this week, breaking the Euro 100-a-share level in a first for any main market Irish Stock Exchange company and creating about 200 new paper millionaires among shareholders.
 
The forthcoming merger between Paddy Power and Betfair will create a company valued at Euro 1.2 billion and a serious rival for market-leader Bet365, which is worth around Euro 1.7 billion according to media reports.



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Kentucky Derby Odds: Justify still Favorite - With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.

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MPN Poker Tour Bratislava Results - Alex Hendriks Wins Inaugural MPN Poker Tour Bratislava Main Event and €27,000

MPN Poker Tour Bratislava | Day 2 - It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.

MPN Poker Tour Bratislava Day 1B - Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today

MPN Poker Tour Bratislava Day 1A - The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.

Famous professional eSports player that turned into poker - It goes without saying that nowadays eSports is one of the fastest growing industries. However, similar to regular sports, the professional gamers are struggling to find themselves after their career is over.

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