Paddy Power Betfair to change its name

Paddy Power Betfair to rename itself to reflect the increasing diversity of its portfolio of brands.
Paddy Power Betfair to change its name
  • Paddy Power to change its name to Flutter Entertainment.
  • This name change proposal will be submitted at its annual general meeting (AGM) in May.
  • On the name change, Paddy Power Betfair chief executive Peter Jackson said: “With a growing portfolio of brands, we plan to rename the group as Flutter Entertainment plc.”

________________________________________

Paddy Power Betfair plans to submit a proposal to change the company name at its annual general meeting (AGM) to be held in May. The new name, Flutter Entertainment, reflects its “increasing diversity”, however, the company stressed that this would not affect consumer brands.

Details of the proposal were announced following reported pre-tax profits of £219 million for 2018, down from £247 million in 2017. This 11% dip in profits is due in part to the company ramping up investment in its fledgeling US sports betting business.

Paddy Power Betfair chief executive Peter Jackson said the group had “regained its mojo” as it began to regain its market share in the UK last year, following several years of share losses. He commented that it had been a “challenging year for the sector with regulatory and tax changes.”

Speaking on the name change specifically, he said: “With a growing portfolio of brands, we plan to rename the group as Flutter Entertainment plc. There are no plans to use this historical name for consumers, and we will seek shareholders’ permission for the change at our forthcoming AGM.”

Image source: paddypowerbetfair.com

________________________________________

Visit us regularly for the latest offers, iGaming news and more right here. Follow us on Facebook and Twitter for exclusive updates too!

lIKE IT? SHARE IT!

Share on facebook
Share on twitter
Share on linkedin

Top Live Casinos

Royal Panda

100% Welcome Bonus up to $100

New Players Only; Live casino specific: no; Minimum deposit: $10; Opt_in required: no; Bonus code required: no; Wagering requirement: 35X; Live casino contribution: 10%; Table restrictions: no; Free spins: no; Validity: 90 days; Neteller, PayPal, Skrill or Paysafecard deposits are not eligible

888 Casino

Up to €1,500 Welcome Bonus in your first week

New Players Only; Live casino specific: no; Minimum deposit: €20; Opt_in required: yes; Bonus code required: yes; Wagering requirement: 30X; Live casino contribution: 10%; Table restrictions: no; Free spins: no; Validity: 90 days; Use promo code Welcome1 to activate the bonus. Live casino game contributions vary. Skrill, Netleller deposits not eligible.

32Red

320% Welcome Bonus up to €160

New Players Only; Live casino specific: no; Minimum deposit: €20; Opt_in required: yes; Bonus code required: no; Wagering requirement: 50X; Live casino contribution: 10%; Table restrictions: no; Free spins: no; Validity: 7 days; Debit/credit card and PayPal only. Live casino game contributions vary, max. stake applies.

Claim our UK exclusive bgo cashback bonus

18+ T&C Apply – BeGambleAware.org

New UK Players Only; Live casino specific: yes; Minimum deposit: £10; Opt-in required: yes; Bonus code required: yes; Table restrictions: no; Free spins: no; Validity: 3 days; New customers only. Use code: LIVECASINO. Min. cashback £1. Max. cashback £50 on net losses on Live Casino games only. Not available using Neteller or Skrill.. Cashback credited next day by 18:00 GMT. Cashback must be accepted within 3 days. 2.5% deposit fee. £2.50 withdrawal fee. Full T&Cs apply. BeGambleAware.org.

Grab our exclusive 50% Cashback Bonus at BGO

New UK customers only. 50% Cashback up to £50 (min £1) on net losses on Live Casino games only. Use code: LIVECASINO. No Neteller / Skrill. Cashback credited next day by 18:00 GMT, must be accepted within 3 days. 2.5% deposit fee. £2.50 withdrawal fee.
EXCLUSIVE

Latest News

Game Show Live Casino

Game Show Live Casino To Shake Up The Industry in 2019

A new era of live dealer gaming is upon us and it’s called game show live casino. Let’s take a look at details of upcoming releases and speculate on what to expect from game show live casino in 2019 and beyond.

LiveCasino.com

As a collective of industry veterans, avid casino-heads and casual players, it’s our mission to raise the game and provide you with the complete live casino experience.

© 2019 Bromar Publications LTD