PPB.L - Paddy Power Betfair plc

LSE - LSE Delayed price. Currency in GBp
9,080.00
+225.00 (+2.54%)
At close: 4:35PM BST
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Previous close8,855.00
Open8,975.00
Bid6,620.00 x 13400
Ask0.00 x 13300
Day's range8,845.00 - 9,100.00
52-week range6,572.50 - 9,100.00
Volume197,061
Avg. volume253,215
Market cap7.599B
Beta0.01
PE ratio (TTM)35.55
EPS (TTM)255.40
Earnings dateN/A
Forward dividend & yield2.00 (2.33%)
Ex-dividend date2018-04-12
1y target est7,782.18
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  • The Wall Street Journal3 days ago

    [$$] Paddy Power Betfair to Merge U.S. Operations With FanDuel

    Paddy Power Betfair PLC said Wednesday it has agreed to merge its U.S. operations with FanDuel Inc., in a deal that will give Paddy Power 61% ownership of the combined business. The Dublin-based betting company said the deal helps position it for opportunities in the U.S. after a Supreme Court ruling last week opened the door to legal sports betting across the country. Paddy Power said it would contribute its existing U.S. assets as well as $158 million of cash, which will be used to pay down existing FanDuel debt.

  • Why This Merger May Threaten Casino Stocks Eyeing Sports Betting Bonanza
    Investor's Business Daily3 days ago

    Why This Merger May Threaten Casino Stocks Eyeing Sports Betting Bonanza

    Bookmaker Paddy Power Betfair looks to build the largest U.S. online sports betting business with its acquisition of fantasy sports site FanDuel.

  • Reuters3 days ago

    Paddy Power Betfair merging U.S. business with FanDuel

    Paddy Power Betfair (PPB.I) (PPB.L) has agreed to merge its U.S. business with fantasy sports company FanDuel to target the U.S. sports betting market that is set to open up in the coming years, the Irish bookmaker said on Wednesday. Under the agreement, Paddy Power Betfair will contribute its existing U.S. assets worth $612 million (459 million pounds) along with $158 million of cash to take a 61 percent stake in the combined business, with existing FanDuel investors owning 39 percent.

  • Reuters - UK Focus3 days ago

    Paddy Power Betfair merging U.S business with FanDuel

    Paddy Power Betfair (Other OTC: PDYPF - news) has agreed to merge its U.S. business with fantasy sports company FanDuel to target the U.S. sports betting market that is set to open up in the coming years, the Irish bookmaker said on Wednesday. Under the agreement, Paddy Power Betfair will contribute its existing U.S. assets worth $612 million along with $158 million of cash to take a 61 percent stake in the combined business, with existing FanDuel investors owning 39 percent.

  • MarketWatch3 days ago

    Paddy Power Betfair to pay $158 million, swap assets for control of Fanduel

    Just days after a Supreme Court victory that will let states offer sports gambling, Paddy Power Betfair said it will pay $158 million in cash and swap its U.S. assets for 61% of FanDuel, the privately held U.S. fantasy sports operator. Paddy Power Betfair will up its stake to 80% after three years and 100% after five years, the company said. FanDuel had $124 million in revenue on a pretax loss of $44 million in 2017 and has 40% of the U.S. daily fantasy sports market.

  • Paddy Power Buys FanDuel in Bid to Dominate Sports Betting
    Bloomberg3 days ago

    Paddy Power Buys FanDuel in Bid to Dominate Sports Betting

    Paddy Power Betfair Plc agreed to take control of the closely held website FanDuel, as the Irish bookmaker seeks to gain from an expected rise in sports betting following a U.S. Supreme Court ruling this month. Paddy Power will own 61 percent of the combined business after contributing its U.S. assets and $158 million of cash, the Dublin-based company said Wednesday in a statement. It’s the first of a wave of possible U.S. deals involving betting companies after the Supreme Court struck down the federal law that barred sports betting in most of the country.

  • Business Wire3 days ago

    Paddy Power Betfair and FanDuel Enter Merger Agreement to Bring Together US Businesses

    Paddy Power Betfair (LON:PPB) and FanDuel today announced a definitive agreement under which the companies will merge their US businesses, bringing together the leader in international sports betting and gaming and the company that redefined fantasy sports. The combined business is incredibly well-positioned to capitalize on the sports betting market opportunity in the United States.

  • Business Wire3 days ago

    Paddy Power Betfair and FanDuel Enter Merger Agreement to Bring Together US Businesses

    Paddy Power Betfair (PPB.L) and FanDuel today announced a definitive agreement under which the companies will merge their US businesses, bringing together the leader in international sports betting and gaming and the company that redefined fantasy sports. The combined business is incredibly well-positioned to capitalize on the sports betting market opportunity in the United States. “We are excited to add FanDuel to the Group’s portfolio of leading sports brands.

  • MarketWatch5 days ago

    How to make money on sports betting while everyone else loses their shirt

    Sports betting now might become similarly widespread in the U.S. The great American expectations for the pastime—blasted by critics as addictive and impoverishing, and praised by fans as fun and lucrative—follow the past week’s Supreme Court decision nixing federal prohibitions on states’ allowing it. Gambling companies William Hill (WMH.L)  , GVC Holdings (GVC.L)and 888 Holdings (888.L)are among the names that bulls view as due for gains. William Hill already runs 108 of the 192 sports books in Nevada, and it’s the risk manager for sports betting within the Delaware lottery.

  • Paddy Power Betfair welcomes UK decision, says preparing for U.S. expansion
    Reuters8 days ago

    Paddy Power Betfair welcomes UK decision, says preparing for U.S. expansion

    Paddy Power Betfair (PPB.I) welcomed the British government’s decision to reduce the maximum stake on fixed odds betting terminals to two pounds as the issue had become a lightning rod for the industry, CEO Peter Jackson said on Friday. Britain will cut the maximum stake on fixed-odds betting terminals to just two pounds to try to tackle problem gambling.

  • Paddy Power Betfair welcomes UK decision, says preparing for U.S. expansion
    Reuters8 days ago

    Paddy Power Betfair welcomes UK decision, says preparing for U.S. expansion

    Paddy Power Betfair (PPB.I) welcomed the British government’s decision to reduce the maximum stake on fixed odds betting terminals to two pounds as the issue had become a lightning rod for the industry, CEO Peter Jackson said on Friday. Britain will cut the maximum stake on fixed-odds betting terminals to just two pounds to try to tackle problem gambling.

  • Reuters - UK Focus8 days ago

    Paddy Power Betfair welcomes UK decision, says preparing for U.S. expansion

    Paddy Power Betfair (Other OTC: PDYPF - news) welcomed the British government’s decision to reduce the maximum stake on fixed odds betting terminals to two pounds as the issue had become a lightning rod for the industry, CEO Peter Jackson said on Friday. Britain will cut the maximum stake on fixed-odds betting terminals to just two pounds to try to tackle problem gambling.

  • Reuters - UK Focus8 days ago

    Paddy Power Betfair pushes ahead with U.S. expansion

    Paddy Power Betfair will build on its existing U.S. operations following a U.S. Supreme Court ruling on Monday that paved the way for states to legalise sports gambling, CEO Peter Jackson told reporters ...

  • MarketWatch9 days ago

    U.K. stocks at 4-month high as government opens up for customs union after Brexit

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  • Bookies William Hill, Paddy Power set out cost of new gambling curbs
    Reuters10 days ago

    Bookies William Hill, Paddy Power set out cost of new gambling curbs

    (Reuters) - Bookmakers William Hill (WMH.L) and Paddy Power Betfair (PPB.I) said plans to cut the maximum stake on fixed odd betting terminals in Britain to two pounds would hit gaming revenue hard. William ...

  • Reuters - UK Focus10 days ago

    Bookies William Hill, Paddy Power set out cost of new gambling curbs

    Bookmakers William Hill and Paddy Power Betfair said plans to cut the maximum stake on fixed odd betting terminals in Britain to two pounds would hit gaming revenue hard. William Hill expects total gaming ...

  • The Wall Street Journal10 days ago

    Gambling Firms Race to Expand After Limits Are Lifted on Sports Betting

    Ladies and gentlemen, place your bets. Gambling firms are wagering that the U.S. sports-betting market is the next frontier after the Supreme Court lifted limits on the business, and several are vying to be first out of the gate with offerings. Paddy Power Betfair PLC, a Dublin gambling company, said Wednesday it is in talks to merge its U.S. business with FanDuel Inc., a fantasy-sports company that offers games daily.

  • MarketWatch10 days ago

    U.K. stocks end at 4-month high as Burberry, Paddy Power rally

    U.K. stocks advanced Wednesday, finishing at a four-month high as shares of Burberry and Paddy Power Betfair climbed after well-received corporate updates. The FTSE 100 index (^FTSE) rose 0.2% to 7,734.20, its highest close since Jan. 16, according to FactSet data. A weaker pound tends to boost the FTSE 100 as the index’s components make the bulk of their earnings overseas, with a softening sterling lifting revenues when converted back into the U.K. currency.

  • Reuters - UK Focus10 days ago

    FTSE 100 nears record high as miners and Micro Focus drive gains

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  • Paddy Power in talks with US fantasy sports website FanDuel
    Sky News10 days ago

    Paddy Power in talks with US fantasy sports website FanDuel

    Paddy Power (EUREX: 27913021.EX - news) is in talks to combine its US assets with fantasy sports website FanDuel. The Irish bookmaker is targeting America after a Supreme Court ruling on Monday paved the way for states to legalise sports gambling. "Paddy Power Betfair (Other OTC: PDYPF - news) confirms it is in discussions, regarding a potential combination of the Group's US business and FanDuel to create a combined business to target the prospective US sports betting market," the company said.

  • The Wall Street Journal10 days ago

    [$$] Paddy Power Betfair in Talks to Merge U.S. Business With FanDuel

    Paddy Power Betfair PLC said Wednesday it is in talks regarding a potential merger of its U.S. business with FanDuel Inc.

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