Paddy Power biggest in Europe
Published 20/11/2011 | 05:00
Just after lunch last Friday, Paddy Power passed out Greek gambling group Opap to become Europe's most valuable betting company. Paddy Power's share price meant that its capitalisation hit €2.08bn, passing Opap, which saw its value slip to €2.04bn.
Last week, Paddy Power shares rocketed after strong results fuelled by massive growth in mobile phone betting. Paddy Power is worth far more than €1.75bn William Hill, €1.5bn valued Ladbrokes or even Betfair, which is worth €900m.
Sunday Indo Business