Online Gambling Mergers Still The Best Bet

Published Wednesday, May 11, 2016 -
Online Gambling Mergers Still The Best Bet

The internet has created a massive industry revolving around the wager for real money. Now a global business that has reached unbelievable monetary value some companies dominate the field of online gambling and continue to be challenged by the competition. Last year the worth of firms offering online gambling services was published with William Hill online coming in as the top dog in this industry with a net worth of $5.17 Billion. Irish icon Paddy Power made a presence at a mere $3.78 Billion and it has been changed its name to Paddy Power Betfair and is now listed as number one with assets of over $11.96 Billion.

The merger between these two massive companies, Betfair and Paddy Power, has created a huge firm that now dominates the online gambling industry.  Finalized in February 2016 the merger sees Betfair chief executive Breon Corcoran taking the reins at the new group and Paddy Power chief executive Andy McCue will become chief operating officer. The team work that forged this alliance will be showing profit quickly as the seaming together of the two big operators becomes solid.

Ladbrokes is a well known brand in the UK, Ireland, and Belgium with expanding intentions in Australia, Spain the USA and China.  In 2013 Ladbrokes established a product and marketing services partnership with Playtech designed to build its digital market with a mobile service launching on Playtech's Mobenga platform. In 2015 Ladbrokes announced a proposed merger with Coral Group which would allow the company to get its products to market quicker.

On the list of the largest online gambling companies Amaya Gaming Group deserves some mention. Last year its net worth was $3.62 billion but now in 2016 the biggest company from Canada has slipped to a net worth of $1.90 Billion.

Mergers and acquisitions is still the primary method these companies old and new have used to make a profit.


Related news

Return to Latest News