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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.
Gambling News :
MPN Poker Tour Malta Day 1A -
The MPN Poker Tour has returned to Casino Malta this week, with a €150,000 guaranteed €500 + €50 Main Event running alongside a full complement of side events, parties and activities.
€8 million mobile jackpot win on Mega Moolah -
Mega Moolah was hit on Tuesday 25 April 2017 by a Tipico player playing on their mobile device, just over a month after a €6.6 million jackpot was collected in March. The pay-out of €8,012,153.35 is the largest mobile jackpot win in history, superseding Microgaming’s pay-out in August 2016 of €7,968,311.26.
NHL Odds: Young Oilers Face Veteran Ducks in Round Two -
Game Two in Anaheim (10:30 PM ET on NBCSN) features the first and second ranked teams in the Pacific Division during the regular season, with only two points separating them. The Oilers edged the Ducks 3-2 in regular season games, outscoring them by a slim 14-12 margin. This series will be close, and Game Two will decide who has the edge heading back to Edmonton.
Americas Card Room Online Super Series Starts Now -
The OSS Cub3d is Americas Cardroom’s 3-part tournament series. It features the Mini Online Super Series (MOSS), the now-underway Online Super Series (OSS), and the upcoming Bigger Online Super Series (BOSS).
New Quick Seat feature at Ignition Poker -
New Quick Seat feature at Ignition Poker.In order to ensure our poker players’ user experience is even more seamless, we’ve introduced a new feature in our poker software called Quick Seat for both Ignition Poker.
Finnish people prefer the government to run the casinos -
Nordic countries have been, historically, the main markets for the online casino operators. The reasons for this are rather clear - these countries are very cold and people simply prefer to stay home and gamble than go outside to visit a casino.
NBA Odds: Chalk-Heavy Warriors Host Portland for Game 2 -
The Golden State Warriors needed a strong fourth quarter to put away the Portland Trail Blazers on Sunday. But they still didn’t cover as 15-point home favourites in a 121-109 victory. Can they do better this Wednesday (10:30 PM ET, TNT) in Game 2 of their first-round playoff series?
Caesar’s Triumph Slot Launches -
Caesar’s Triumph is new slot at Bovada that features the Roman dictator in all his glory. The action takes place on five reels where you’ll find 20 paylines and plenty of ways to spin your way to victory.
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