Paddy Power Ditches Isle of Man for Malta

Internet betting firm Paddy Power has announced that it is closing its office on the Isle of Man, moving that office to it's Malta location.

The move is expected to only impact about 10 jobs, but comes after Paddy Power completed its merger with Betfair. The merging of the offices lowers the number of redundancies in place for both firms, hopefully leading to better results for shareholders.

Paddy Power and Betfair merged together earlier this year to form a mega-betting company, which is becoming more standard throughout the online betting industry, as GVC Holdings purchased, and other major mergers are also in discussion.

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4 July 2016 - 9:01pm

The good news is that this will influence just a few Paddy Power employees, and I guess that office seems to be useless for them after the merge. Would be interesting what other huge merges are expected to occur in the next months.