Business Irish

Saturday 23 August 2014

Paddy Power biggest in Europe

Nick Webb

Published 20/11/2011 | 05:00

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

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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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