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Paddy Power Betfair to benefit £50m annually post-merger

8th September 2015 9:04 am GMT

UK-listed betting and gaming operators Betfair and Paddy Power have set out their initial plans for the merged Paddy Power Betfair plc, which will be one of the world's largest publicly listed online gaming operators with annual revenue of £1.2bn (approx. €1.7bn).

The two companies said Tuesday that their respective board of directors have agreed to unanimously recommend the proposed merger to their shareholders, creating a combined entity that is expected to [...]

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