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PaddyPoker and Pari Mutuel Urbain In Deal

11/12/09 - Irish online and offline bookmaker Paddy Power has confirmed its deal with the French gambling monopoly Pari Mutuel Urbain (PMU) which will smooth its path into the liberalised French gambling market early 2010.
 
The bookie firm also said it remains on track to meet market expectations for full-year profits, boosting its shares by 5.6 percent midweek.
 
The agreement with PMU will see Paddy Power committed to a five-year outsourcing deal to provide betting technology and pricing to the French horse racing operator, the largest betting organisation in Europe with Euros 9.3 billion of turnover in 2008, according to the Reuters news agency.

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Analysts were enthusiastic about the deal, opining that it could open other doors for Paddy Power in a B2B sense with other French and European companies as Europe is expected to open up and regulate rather than confine gambling to state monopolies. One alalysts characterised the deal as a massive catalyst for Paddy Power stock.
 
Reuters reports that Paddy Power's financial director Jack Massey expects the deal with PMU will come into effect around May or June 2010, adding some Euros 3 to 5 million in revenue by 2012 and open up other opportunities.
 
"The strength of the deal is the quality of the partner which gives us an excellent calling card of other such opportunities that may emerge," Massey said in an interview with the news agency.
 
Paddy Power's md for non-retail and development, Breon Corcoran, added that Paddy Power expected to expand further through outsourcing deals and partnerships with local partners as a number of regulatory markets open up over the next three to five years.
 
The deal will create 50 jobs at Paddy Power's Dublin headquarters by June 2010, with 200 additional jobs expected in the following three years.
 
The company reported on its progress, noting that while sporting results were adverse for the 19 weeks to November 10, 2009, turnover for the period had grown strongly as its presence in the UK increased to 80 shops after it added 22 outlets earlier this year.
 
Paddy Power is on the Orbis sports platform, but it is understood that PMU has decided to outsource the risk management and pricing functions to a third party.   
 
Paddy Power chief executive Patrick Kennedy said that the agreement with PMU was an impressive start for the company's new B2B division, and that the firm would be capitalising on its expertise and technology to close agreements with other major betting companies.
 
The chief executive of PMU, Philippe Germond commented: "This partnership is going to enable PMU to offer sporting bets online under its own brand and retain direct management of its client database. Paddy Power will provide us with its expertise in sports betting. Through this partnership PMU is given the means to be ready for the opening of the online betting market in France next year."



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Day 1a MPN Poker Tour Tallinn Main Event - Day 1a brought 106 entries into the €550 Main Event, with nearly as many players turning out for the last €35 super satellite into tomorrow’s Day 1b

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

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NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

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