Completion of Betfair US combination with FanDuel

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	[phone] / [phone]
Ivan Kelly, Investor Relations	[phone] / [phone]
James Midmer, Corporate Communications	[phone] / [phone]

 

END

 

 

MSCGGUGGMUPRPUU