Paddy Power, Betfair wager on huge merger

The Irish bookmaker and the online betting exchange are planning a merger to form a business that would have a market value of nearly £6 billion and annual revenues of more than £1.1 billion.

The wave of consolidation sweeping the gambling industry has accelerated after Paddy Power and Betfair revealed they are in talks to create one of the world's biggest online betting companies.

Echo Entertainment chairman John O'Neill, left, with Gold Coast 2018 Commonwealth Games Corporation chairman Nigel Chamier.

Let the games begin

Echo is the first official corporate partner for the 2018 Commonwealth Games on the Gold Coast, but a problem has emerged in Crown Resorts-ruled Melbourne.

It worked for Packer

Clearly someone was impressed by Donaco's very familiar new logo – or confused.

Pokie buyback bumped in Brisbane casino battle

Seven months after unveiling their plans to develop the $2 billion Queen's Wharf casino complex in Brisbane, the battle between Echo Enterta...

Redcape IPO deferred, sources say

Pub owner and operator Redcape Hotel Group has deferred its initial public offering until later in the year, sources told Street Talk.