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Paddy Power says proposed Betfair merger 'very attractive'

Published 26/08/2015, 07:59
© Reuters.  Paddy Power says proposed Betfair merger 'very attractive'

DUBLIN (Reuters) - Paddy Power (I:PLSA) believes its proposed merger with British rival Betfair (L:BETF) is a very attractive opportunity to create the world's biggest online gaming company, the Irish bookmaker's chief financial officer said on Wednesday.

"We think this is a very attractive opportunity, the scale and capability is unsurpassed and would leave us in a much better place to compete in our current markets where competition is intense," Paddy Power Chief Financial Officer Cormac McCarthy told Reuters in a telephone interview.

"We are enthused by this, we think it's very attractive but at the moment it's just a possibility and there's a lot to be done in the coming weeks and months."

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