Paddy Power with Massive Growth in H2

The Ireland-based bookmaker Paddy Power, announced yesterday that the company has experienced significant growth in the second half of 2014, aiming towards making the growth even greater next year.

 

Year-on-year, Paddy Power’s revenues increased a massive 38% from July 1st until November 16th. Sportsbook revenues went up 41%, while the amount being staked on the platform increased by 14%.

 

“In the second half of the year-to-date, strong revenue growth has continued in all our businesses. We are benefiting from good top-line growth and favourable sports results. Sportsbook stakes were up 18% online and 3% in retail on a like-for-like basis, with total group net revenue up 38%. The board now expects mid to high teens percentage growth in earnings per share for the full year.” A Paddy Power statement said.

 

With the great news, Paddy Power also announed that they are expecting to open 30-40 new betting shops next year, beating the trend of closing down shops. This might have something to do with the fact the fixed-oddds betting terminal revenues increased by 12% despite new regulatory rules.

Daniel Allermand

Daniel Allermand is a freelance writer, with more than 4 years of experience in the industry as an operator, affiliate and poker player. Daniel has decided it was time to try and bring more coverage about the industry to the general public by writing articles about everything from poker to casino.  

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