Both Betfair and PaddyPower revenue growth is continuing to grow more than a year after the two betting powerhouses merger.
Two of the biggest UK sports betting sites, PaddyPower and Betfair, officially merged in February of last year. It appears that was a wise decision, as the two company’s revenue has been skyrocketing as of late.
In a end of the year report, it was revealed that the newly merged Betfair PaddyPower revenue increased by 18% to £1.55 billion including massive growth among their various platforms including online casino and poker.
“2016 was a transformational year for Paddy Power Betfair with much of the integration of the businesses completed sooner and more efficiently than expected,” Breon Corcoran, chief executive of the company said. The “transformational” period of the merger is over, and 2017 will be a year to focus further on Betfair-PaddyPower revenue growth and expansion.
What do these sites offer?
Both of these companies have grown to become so popular among players due to their amazing list of betting options. They are both known for offering betting lines on a wide range of sports, but also provide members with some incredible novelty bets.
It seems likely that these two companies will continue to thrive for the foreseeable future. “We have created a business with considerable scale that is stronger and better able to compete than either of the individual legacy companies. The Group is well positioned to deliver sustainable, profitable growth,” Corcoran stated.
Will the Betfair and PaddyPower revenue growth increase more in 2017? What changes would you like to see them make to their respective sites? Tell us what you think in the comment section below, and make sure to check out GamingZion’s UK gambling news page to stay up to date on everything related to betting in the UK!