Monday 24 November 2014

Paddy Power biggest in Europe

Published 20/11/2011 | 05:00

We've already got Ryanair, the biggest airline in Europe, and now Paddy Power has become the most valuable bookmaker in Europe.

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.

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