Paddy Power biggest 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.
Sunday Indo Business