All the latest Irish online casino news

Once again it’s time to take a look at the latest Irish casino news here at onlinecasino.ie, and as usual our biggest and most popular online casino operator Paddy Power is difficult to ignore. Having caught many online casino sector analysts by surprise last year by announcing their merger with Betfair, the chief executive of the combined company Breon Corcoran has issued a very upbeat statement as to how the merger is progressing. It is not much more than a month since the full merger took effect but he has said that the benefits are already evident, particularly in relation to the investment in new technology. His comments came as the enlarged company reported pro-forma net revenues for last year of £1.32 billion with operating profits of £229 million. Both companies reported strong growth in the lead up to the merger, with Paddy Power’s revenues up 24% and operating profits up 50% before new taxes and product fees reduced this to 10%. Third quarter results for Betfair also showed a 21% increase in revenues and a 10% increase in profits after new taxes. There is no doubt that the performance of both companies bodes well for the future of the enlarged company, particularly in the online casino and online sports gambling sector. There is however also the question of the number of betting shops now controlled by the group, which is thought to be about 600 in Ireland and the UK as a whole, all of which will be effected by any new legislation regarding fixed odds casino games terminals. Having reported on the biggest online casino operator in Ireland we should also welcome our newest online casino, aptly named casinoland. We look forward to examining what they have to offer to casino games fans over the next few weeks and to providing more information on their range of casino games.