Paddy Power and Betfair to Join Forces

Yes, it is rumoured that these two casino greats are said to be getting ready to embark on a massive merger. Paddy Power and Betfair have been discussing a merger between the two which should materialize within a year if the $10 million AUD merger deal goes through.

The Agreement Still Hangs in the Balance

Paddy Power Casino and Betfair Casino are still in the formative phases of this merger discussion and it is still, until further notice, very much under discussion. Agreements must be met and wagers need to be agreed upon before anything materializes just yet. For now, it is known that 52 present of shares of the new company, Paddy Power Betfair, will be awarded to the Paddy Power shareholders. The 48% remainder of the shares will be awarded to the Betfair shareholders.

The Deciding Factor in the Paddy Power and Betfair Agreement

Paddy Power still has until the 23^rd of September to make their final decision on whether or not to go through with the merger with Betfair. For now, it has been outlined in Paddy Power’s PLC statement that the terms remain conditional.

The Strength that Lies Within the Merger

If however the deal does go through and terms are agreed upon, the group will then become the biggest online gambling player, holding an impressive 16 present of the market. Whether or not this will materialize, we cannot say, however this is a great story to keep note of and should it be finalized, we can look forward to one of the strongest online gambling groups emerging to date.