Paddy Power Reports Strong Financials Thanks To Online Operations

Ireland based wagering company Paddy Power plc has announced financials for the period July 1- November 14, 2011, with strong growth being shown in mobile and online markets.

For the UK and Irish online markets, financial highlights include:

  • Sportsbook stakes up 31%

  • Gaming/B2B revenues up 33%

  • Active sportsbook customers completing mobile transactions up to 44% in October

For the Australian online market, financial highlights include:

  • Online turnover up 23%, which is compared to 7$ for the first half of the year.

  • Online customers completing mobile transactions up to 32% in October, compared to 20% in July.

Paddy Power is also reporting that retail has performed strongly, with 40 new shops to open in 2011, and revenue up 8%.

A Paddy Power spokesperson commented on the results saying: "This strong Group performance reflects ongoing investment to grow our existing activities. This investment also positions us for future international opportunities."

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