Paddy Power Reports Strong Financials Thanks To Online Operations

This story was published more than 12 years ago.

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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Jeremy Wilson // Senior Editor
Jeremy Wilson
Jeremy has senior editorial responsibilities across all areas of the site. He lives in Sydney, Australia and has been working with Casino Listings in various roles since its inception in 2007. His go-to game is Blackjack.