Business Chief Europe Magazine May 2019 | Page 170

PADDY POWER BETFAIR

As the company invests more in technology , Paddy Power Betfair is ensuring efficient procurement processes with spend analytics , as Colum Colbert explains

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W ith the gambling industry continuing to evolve with changing legislation and new technologies , Ireland ’ s Paddy Power Betfair ( PPB ) has operations across Europe , America and Australia . The firm manages several brands which have evolved along with the industry . When Paddy Power was founded in 1988 , it followed a traditional gambling model with shops on high streets .

As well as growth within its business model , the company has expanded its global presence through mergers and acquisitions . In 2010 , Paddy Power acquired Sportsbet , one of Australia ’ s leading bookmakers . In 2015 , Paddy Power and UK-based Betfair agreed to merge . Since the merger , the company has sought to increase its global operations further .
Director of Procurement , Jack McMahon , joined Paddy Power – prior to its merger with Betfair – in April 2015 . McMahon has over 20 years ’ experience in procurement , operations
MAY 2019