First-half turnover up 23% as Paddy Power profits race ahead

FIRST-HALF turnover and profits have raced ahead for betting group Paddy Power.

The country's largest bookies reported that, in the five months to the end of May, turnover in its 141 betting shops was ahead by 23%, with a 14% rise in telephone betting and a 7% rise in the online division.

Chairman Fintan Drury said the average gross win percentage has been strong across all channels, particularly in the online and dial-a-bet channels.