Betfair and Paddy Power Merger Confirmed

12/15/2015
By Tommie ClarkGoogle
To be honest – as soon as people started to get wind of the deal and how much it makes sense that these 2 giants would merge to join forces as one, there was never ever really any doubt that the deal would go through.

Both companies are notorious for offering some of the best no deposit bonus code deals in the industry giving players the chance to get a trial and a free bet. With there not really being a whole lot separating the 2 in terms of differentiation in ways to play, it really does make sense that they would join up.

However, Betfair has always been known for one thing that Paddy Power will be happy to take note of and learn from or even gladly be a part of is the online bookies function that it brought to the market. BetFair has been the pioneer of letting people publish their own odds online by becoming the bookie.

Has the deal been finalised?

So far the shareholders have been informed and the merger has been tentatively confirmed. All that remains is a vote, which across the board it seems that everyone seems positive about the merger and it is expected to be a landslide victory for those that are pro-merger.

What is the deal actually worth?

For online members of both casinos, the deal is priceless. More games, more sports betting options, more odds and plenty more jackpots available. Both Paddy Power and BetFair have links to not only sports betting, but also online poker and online casinos.

As for the companies themselves, they are 2 of the largest in the iGaming arena. Circa revenue is around $2.13 billion each year. On the stock market the value is $8.5 billion.

BetFair will eventually adopt Paddy Power’s name!

For some it may not be idea – the idea that these 2 companies are not too different in the way they operate and their offerings, one of the deciders is the brand name. Well at least for those that were tussling between joining Paddy Power and BetFair will have it easy as the decision has been made for them. Paddy Power will officially be the operating name should the merger finalize the deal within the next couple of weeks.
 
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