Betting news from across the pond
My Take: Talks of potential corporate take over have cast European betting exhange giant BetFair in a bit of a unique spot. European shops are running into a lot of the same regulatory issues in new jurisdictions that we’ve grown accustomed to time and again here in the States. The biggest question facing the largest operators is where their next opportunity will come from and in the interim, investors are seeing opportunities to make large investments.
My Take: Known for being the ubber creative marketing firm along with bookmaking shop, Paddy Power is underdoing some financial turmoil of their own right now. The book has struggled to get into the Italian market (like so many books before them) and is feeling it on their balance sheets. It’s just a matter of time before the Irish firm is back in the news with a creative marketing campaign but little to say they won’t be offering refunds for those investing in their stock that was downgraded just this week.
