Paddy Power confident of growth in British online market

PADDY Power will grow its British online betting business faster than competitors in an expanding market, chief executive Patrick Kennedy has claimed.

“I’d back us to grow at 15% to 20% a year, and continue to take share of a growing market” in sales terms during the next three years, Mr Kennedy said.

The overall online British market will probably grow at 10% to 15% a year, he said, adding that Paddy Power isn’t looking at buying online rivals in Britain.