Latest Irish online casino news and Paddy Power

It’s time for us to have another look at the latest Irish online casino news, which this month inevitable concerns our biggest online casino operator Paddy Power. For many months now there has been talk of the need for consolidation within the betting industry as a whole and online casino and online sports gambling operations in particular, following the introduction of new tax arrangements in the UK. Here at onlinecasino.ie we have reported on many potential deals concerning well known online casino operator such as Ladbrokes, Bwin Party and 888 Holdings over this period, but it has to be said that Paddy Power caught us by surprise. For those online casino games players who visit this site but do not necessarily follow the fortunes of our online casino operating companies, the big Irish casino news concerns an agreed merger between Paddy Power and the primarily sports betting company Betfair. The combined company is estimated to be valued at £6 billion and would be one of the biggest online gambling companies in the world with almost two million active customers. Both companies were also able to report strong growth in their latest trading figures issued at the same time as the merger announcement, and both must have been delighted by the response from investors which led to significant increases in their individual share prices. Clearly the merger will lead to a reduction in costs, but the biggest single factor will be the sharing of mobile technology in which both companies are already strong. Paddy Power will also gain access to the American market and Betfair similarly to the Australian market. The deal has been so welcomed that we are yet to see a negative comment from anyone with knowledge of the online betting industry.