Paddy Power driven by online growth in 2013

iGaming Business – Irish bookmaker Paddy Power has cited the growth of its online gambling business as the reason behind a jump in revenue, operating profit and EBITDA during the 12 months through to December 31, 2013. In its preliminary results for the year, the company posted net revenue of €745.2 million, an increase of 17% on the €662.7 million achieved in the previous year. Operating profit also grew slightly from €136 million in 2012 to €137.4 million in the last 12 months, whilst EBITDA also jumped 8% from €168.2 million to 176.9 million. The company highlighted the success of…