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Sales hike for Paddy Power despite punters' success

ByStaff Reporter

Published 18/11/2015

Paddy Power said online betting stakes jumped by 23% in the quarter
Paddy Power said online betting stakes jumped by 23% in the quarter

Irish betting chain Paddy Power said it grew quarterly sales strongly despite suffering a run of results that favoured punters.

The business said punters have made gains from domestic and European football in recent weeks, while September was a good month for horse racing fans.

However, it said at its shops like-for-like betting stakes grew by 7% and like-for-like revenues lifted by 1% in the 19 weeks to November 15, compared to a year ago. It added that online betting stakes jumped by 23%.

Belfast Telegraph

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