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Paddy Power Trading Update
Wednesday, January 27, 2016 : PADDY POWER PUBLISHES PE-MERGER TRADING UPDATE
Dividend announcement included.
Ahead of its merger with Betfair on February 2 Paddy Power has announced that trading in the last seven weeks of 2015, post the release of its Interim Management Statement on 17 November 2015, was good.
Accordingly the Board expects to report operating profit before exceptional items, for the year ended 31 December 2015 of approximately Euro 180 million. This would result in fully diluted earnings per share of approximately Euro 3.33, before costs relating to the merger.
The company also announced a final dividend for 2015 of Euro 1.20 per share, taking the full year regular dividend for 2015 to Euro 1.80 per share.
The record date for the Paddy Power 2015 Dividend is 6.00 p.m. on 1 February 2016, and it will be paid alongside the Special Dividend of approximately Euro 1.80 per share and the Paddy Power Closing Dividend, representing the period from 1 January 2016 to 1 February 2016 (inclusive), of Euro 0.18 per share.
The payment date for the three dividends is 2 March 2016.
It is expected that preliminary results for the year ended 31 December 2015 will be released on 8 March 2016.
In related news, Betfair has announced that shareholders will receive a closing dividend of 24.3 pence per Betfair share.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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