IRISH GAMBLING GIANT Paddy Power has reported a 20 per cent growth in revenue since the beginning of the year.
The year-on-year results were announced at the firm’s annual general meeting in Dublin this morning.
The company achieved a record €5.7billion turnover last year and operating profits totaling €136million.
This year, the bookmaker, which also has operations in the UK, Australia and Italy, is continuing to grow.
Compared with the same period last year, the company has seen a 29 per cent increase in revenue from online sales and an eight per cent growth in the retail market.
Net retail revenue for Ireland took a slight knock, down six per cent, but amounts staked were up three per cent.
The company opened six new bookies in Ireland last year and a further 17 in the UK.
“Sports results have been favourable overall, with the Group’s sportsbook gross win percentage above our normal expectations and above the equivalent period last year, notwithstanding a record number of Irish trained winners at Cheltenham,” the company said.
It added: “In fact, football results were so good that we could afford to pay out on Man United as Premier League winners in early February.”
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