The Irish Competition and Consumer Protection Commission has cleared the proposed merger between bookmaker Paddy Power and online betting and gaming operator Betfair.

Paddy Power

The deal was announced in August last year and will create a new combined entity, known as Paddy Power Betfair plc.

It is estimated that the new company will be one of the world’s largest public online betting and gaming companies with revenues of over £1.1bn in the last five years.

The merger is now expected to be completed in February.