Paddy Power

RMG and Flutter Form Partnership Agreement

Racecourse Media Group (RMG) and Flutter Entertainment have agreed to a long-term partnership through 2028. RMG, a media and data rights holding company owned by 34 racecourse shareholders, and Flutter, which is the parent company of Paddy Power, Betfair and Sky Bet's agreement will involve streaming rights and other key areas of the RMG business. RMG and Flutter will work together to leverage the latter's marketing and promotional assets to grow turnover, engagement and interest on racing conducted by RMG's racing product. Martin Stevenson, CEO of RMG said, "We are...

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Paddy Power Supports Curragh Handicaps

Paddy Power has renewed its partnership with The Curragh to sponsor a series of historic premier handicaps. Paddy Power will kick off its sponsorship with the Paddy Power Lincolnshire on June 12, followed by the Rockingham H. on June 28; the Scurry H. on July 18, the Irish Cambridgeshire on Aug. 28 and the Irish Cesarewitch on Oct. 11. Paddy Power will also continue its sponsorship of the G2 Minstrel S. on Irish Oaks Day July 18. Pat Keogh, chief executive officer of The Curragh, said, "Our partnership with Paddy...

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Flutter, Stars Group Merge

Gaming conglomerate Flutter-parent company of Paddy Power, Betfair and FanDuel-has purchased all shares in The Stars Group, owner of Sky Bet. Racing Post reports the two companies had a £10.5-billion combined market value at the time the deal was done. The companies' combined annual revenues in 2018 would have totalled £3.8-billion, making it the world's largest online betting and gaming operator.

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