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Online and mobile lift Paddy Power • This Week in Gambling
Strong online and mobile growth has helped Irish bookmaker Paddy Power to report a 12% year-on-year rise in pre-tax profits to €77 million ($103.2 million) in the six months until the end of June 2013. Online net revenue was up by 29% to €243 million, generating an online operating profit of €57.5 million – up 19% on the corresponding period in 2012, not considering currency value fluctuations. In Australia, Paddy Power’s net revenue increased by 33%, leading to a positive 25% uplift in operating profit to €16.5 million. In Italy, the company said that it now had a share of...
This Week in Gambling