While a wide consensus has formed across the German gambling industry, political parties, and media and telecommunications associations regarding the future shape of gambling legislation, there are still clear divides on how this should be achieved.
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The merger of Betfair and Paddy Power is a merger of winners rather than the merger of an underperformer and its knight in shining armour. That is the most engaging part of the deal. There is a temptation to presume that they will be an overwhelming force of nature when combined. But the thing is, they won’t really be combined.