Paddy Power, Betfair Grow UK Market Share

GamblingCompliance estimates that potential merger partners Paddy Power and Betfair captured a combined 28.5 percent of the UK online sports-betting market in a strong first half of the year for the sector’s leading operators.

Having surprised market-watchers on Wednesday with the announcement of a proposed merger between the two firms, Paddy Power and Betfair rounded off the summer reporting season for major UK sportsbooks with well-received sets of results.

Paddy Power’s interim report revealed eye-catching growth in sportsbook net revenue (excluding Australia), rising 37 percent in constant currency to €119.1m in the first half of 2015.

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