Paddy Power Betfair to Relocate

Paddy Power Betfair is to close its Gibraltar office and relocate operations to another of its European sites.

The gaming giant told public service broadcaster GBC that the move has been discussed as a means of centralising services since the merger of the two companies in February 2016.

The approximately 20-strong workforce will be offered relocation opportunities, it is believed.

Paddy Power Betfair is headquartered in Dublin, Ireland, and has offices in a number of European countries, including the UK, Portugal, Romania, Malta and Italy.

Paddy Power and Betfair set a target of £50m in synergy savings ahead of their merger last year.

More at iGaming Business

Related Stories from This Week in Gambling:

  • EU’s Top Court to Consider UK Point-of-Consumption Tax The European Union’s top court will consider the legality of the UK’s online gambling point-of-consumption tax (POCT). The UK implemented its 15% POCT last December, shortly after the Gibraltar Betting and Gaming Association (GBGA) launched a preemptive legal challenge. The GBGA believes […]
  • Paddy Power to utilise SIS Parx service in US iGaming Business - Irish bookmaker Paddy Power has confirmed it is to become the first gambling firm in the US to offer the Parx live horseracing stream service from news and sport coverage provider Satellite Information Services (SIS) Betting. Parx was introduced by SIS earlier this […]
  • Realistic Games and Paddy Power launch embedded iPad games iGaming Business - Gaming content supplier Realistic Games has linked up with Paddy Power to launch embedded blackjack and roulette games into the Irish bookmaker’s new sportsbook iPad application. In what the companies claim is an "industry first", the products allow users of the […]