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Gambling: Paddy Power Updates

11/16/09 - Ireland's Sunday Independent newspaper lauded betting group Paddy Power's deal with the former French gambling monopoly Pari Mutuel Urbain this week as a move that will further reduce the quoted bookmaker's dependence on its Irish and UK retail betting shops. 

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The newspaper notes that half of Paddy Power's turnover and almost two-thirds of its profits now come from online gambling, and that the new deal is the latest indication that Paddy Power's move online is gathering pace.
 
In May, the online and land betting group expanded in Australia, paying Euro 32.8 million for 51 percent of Aussie online bookmaker Sportsbet. The following month, Sportsbet paid about Euro 17.8 million for 80 percent of another Aussie online bookie, IAS, to bring Paddy Power's total Australian investment up to Euro 41.9 million.
 
Analysing the business reasons for Paddy Power's increasing inclination to online betting, the newspaper reports that the group's first half results this (2009) year showed that, while Paddy Power paid out just 88 cents of every Euro wagered in its [land] shops, it paid out almost 94 cents of every Euro gambled online. Internet operations generated almost two-thirds of first-half operating profits - far more profitable than the group's traditional land betting outlets.
 
"With bookmakers coming under increasing pressure from online betting exchanges, where the only cost to customers is an average three percent deduction from winnings, the price advantage enjoyed over retail outlets will almost certainly be decisive." the Sunday Independent notes for the future.



Gambling News :

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

Secret Symbol Slot - RTG will soon release 'Secret Symbol', a 5 Reel Video Slot on 3/15/2017.

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