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Paddy Power Betfair plc  -  PPB   

Completion of Betfair US combination with FanDuel

Released 07:00 11-Jul-2018

RNS Number : 2335U
Paddy Power Betfair plc
11 July 2018
 

11 July 2018

 

Paddy Power Betfair plc (the "Group")

Completion of the combination of Betfair US with FanDuel

 

The Group hereby confirms that the previously announced combination of its US business ("Betfair US") with FanDuel on 23 May 2018, completed on 10 July 2018.

 

The new company will be called FanDuel Group Inc, and will operate a portfolio of industry-leading brands including FanDuel, TVG, Betfair Casino and DRAFT. The Group owns 61% of FanDuel Group, with existing FanDuel investors owning 39%.

 

Enquiries:

 

Paul Rushton, Investor Relations

+44 20 8834 6139 / +353 1 903 9105

Ivan Kelly, Investor Relations

+353 87 7944 999 / +353 1 905 1262

James Midmer, Corporate Communications

+44 20 8834 6843 / +353 1 903 9106

 

 


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Completion of Betfair US combination with FanDuel - RNS