Market Talk

Breon Corcoran: returning to Paddy Power as chief executive

The merger that will create world’s biggest online bookie

The imminent Paddy Power/Betfair merger is an illustration of just how much things have changed in the gambling sector over the last 15 years.

Shareholders in Paddy Power will have to take a break from the Christmas shopping tomorrow morning for one last-minute bit of business: voting on the company’s merger with Betfair. It should be a foregone conclusion. The way the company’s shares ...