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Paddy Power and Betfair will create a gambling giant

Tuesday December 8,2015 : ANALYST SAYS BETFAIR-PADDY POWER COMBO WILL TOP THE U.K. MARKET
 
Prediction that merged companies will hold an 18 percent UK market share.
 
The merger of online gambling groups Paddy Power and Betfair, due to take place early next year, will create a gambling giant that leads the UK market, says Nomura analyst Richard Stuber in a report this week.
 
Stuber says the combination is a good fit due to Paddy Power's distinctive brand and recreational punter bias, and Betfair's more sophisticated, price-sensitive player base.
 
“Scale is increasingly important and we expect the combined entity to be the UK market leader in online betting and gaming,” the analyst opines, estimating that the combined business will achieve an 18 percent share of the online market, slightly more than current leader William Hill plc's 15 percent...and he expects the merged companies market share to grow to 20 percent by 2020.
 
Nomura claims that the impact of operating leverage in online gambling has been “consistently and materially underestimated” and forecasts that Paddy Power-Betfair will generate an earnings margin of 35 percent by 2019, widening to 40 percent by 2024 - well ahead of rivals in the 20 to 25 percent bracket.
 
Last week Betfair reported on its latest results , revealing GBP 274.4 million in revenue, a 16 percent improvement on the preceding quarter. EBITDA increased 9 percent to GBP 80.5 million and operating profit rose 12 percent to GBP 67.2 million.

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Gambling News :

PokerStars.CZ has launched in the Czech Republic - PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republicís new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.

Luckia Games in Partnership with NYX Gaming Group - NYX will provide Luckia with its open gaming system, NYX OGS, and open platform system, NYX OPS, to support the growth of its established Spanish operation.

Sunbets to Sponsor Sutton United - Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.

Time is Money Slot Launches - Set to a catchy tune, Time is Money offers a free spins bonus where all wins are multiplied by up to x12 by a random multiplier, selected from the time traveling clock.

ArenaCube Signs 3 New Deals - Under their strategic partnership, ArenaCube and Kiron will develop and launch a new version of Arena Challenge in 2017. The new version of the game will carry Kironís virtual content.

First Woman to Win a WPT Playground Championship - Besting a field of 380, in the C$3,500 buy-in event, Zajmovic beat Jean-Francois Bouchard in heads up play, pocketed the C$261,000 first prize and a seat in the season ending WPT Tournament of Champions.

NHL Odds: Oilers-Blackhawks at the United Cente - Fans at the United Center will be treated to a potential Western Conference playoff preview this Saturday when the upstart Edmonton Oilers visit the Chicago Blackhawks. The puck drops at 7 PM ET on WGN.

2017 Partypoker.net WPT Playground main event Results - Although she entered the heads up against Jean-Francois Bouchard with a chip deficit, Zajmovic was able to get herself back in the game with some skillful and disciplined playing, eventually overtaking the leader and finally leveraging her chip advantage into a decisive win.

IGT In Deal With Norsk Tipping - International Game Technology has announced a new contract signing which will see it providing interactive casino and Instant Win game libraries and custom games through a remote game server to Norwegian gambling group Norsk Tipping.

ZYNGA POKER ENJOYS IMPRESSIVE GROWTH IN 2016 - By re-focusing on the mobile environment and poker, social gaming giant generates revenue of $741 million - without offering real money games!

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