On this platform, customers have the option of placing fixed odds or exchange bets with other customers rather than with a bookmaker or casino. What is Betfair and how does it work?Īs the first-ever peer-to-peer sports betting exchange, Betfair revolutionised the way people bet on sports and other events. It is clear that this executive team brings with it an immense amount of experience from both sides of the business which makes them an ideal fit for PPB going forward. Prior to that he held various positions at Goldman Sachs International, Morgan Stanley & Co Limited and J Sainsbury Plc., among others. He has extensive experience across areas such as product development, mobile technology, customer service and operational management.ĬFO Alex Gersh also joined PPB upon its formation after serving as CFO of Betfair since 2012.

COO Andy McCue joined Paddy Power in 2004 and was appointed COO in 2011 before assuming the same role at PPB upon its formation in 2016. He has also held senior positions at Asda Group, Home Retail Group and Dixons Carphone Plc, among others. CEO Peter Jackson is a former CFO of British Sky Broadcasting Group (BSkyB). The Executive Team at PPB is comprised of individuals from both companies. Both companies had established themselves as leaders in the industry prior to their merger. Paddy Power had been in business since 1988 while Betfair had been around since 2000. PPB was formed in 2016 when Paddy Power and Betfair merged, creating a powerhouse in the global online gambling industry. Paddy Power Betfair plc (PPB) is the parent company of Betfair. But who owns the company? Let’s take a look at the parent company of Betfair, as well as their backgrounds. The company has been around since 2000 and continues to be a popular choice for sports bettors.

Betfair is one of the world’s leading betting exchange platforms.

What is betfair casino