• Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Team Blogs
    Team Blogs Find your favorite team blogs here.
  • Archives
    Archives Contains a list of blog posts that were created previously.
  • Login
    Login Login form

Business amalgamation to be key aspect in 2016

Posted by on in News
  • Font size: Larger Smaller
  • Hits: 1568
  • Subscribe to this entry


More often than not various businesses have embraced mergers as a way of improving their services and making substantial profits. This not only accrues huge profits but acts as way of having various clients with different desires under one roof. 2016 is deemed as a year when different betting firms will try to join hands with various objectives among them maximizing profits.

To beginning with, it has been evident and proved beyond doubt that merging of two betting firms may prove vital in their operations. For instance, towards the end of last year saw the amalgamation of Power Plc (LSE: PAP) and Betfair Group Ltd (LSE: BET) to form one unique firm that would work congruence to the resources and services from the two betting companies. In the last three years, Betfair has seen great improvements on its platform among them the technological development which has indeed improved the quality of services offered at the firm.

The Paddy power and Betfair merge produced spectacular results towards the end of the year which even surpassed most developing companies in the gaming industry with the exception of Bet365.  Profits went up by 12% for the new formed company with Paddy Power recording a 33% increase. This merging proved beneficial for the two firms as shareholders were on the rise too as Betfair oversaw its shares rise by an amazing 150% whereas that of Paddy Power went up by a whopping 78%.

Another merger that which oversaw a huge revenue generation involved Ladbrokes Plc (LSE: LAD) and Gala Coral. The two firms saw an increased in their number of betting shops by 45% with total annual revenue recorded at £2.1 billion.

Nonetheless, despite having an appealing reputation, the newly formed company by Ladbrokes and Gala Coral trailed William Hill as well as the Betfair/Paddy power merger. For this reason, the CEO of Ladbroke claimed that all their attention is focused in maximizing its profits and surpass the top two firms. With this in mind the CEO initiated the aspect of curtailing all dividends up to 2017 for its investors. This will create a room for more consultation and investing heavily in expanding the presence of the group for online users.



Tired to search every day for casino bonuses? Tired to see the word "expired" under every promotion? Do you are always looking for new online casinos? We have a solution. Subscribe to our newsletter and receive the latest casino bonuses, codes, exclusive deals, news and reviews directly in your mail.

Please, insert a valid email address.

Great! Successfully subscribed.

Ops! You're already subscribed.
We use cookies to ensure that we give you the best experience on FreeExtraChips. Read our privacy policy.Ok, Thanks!