Paddy Power revenue up 28%

Net revenues at bookmaking and gaming giant Paddy Power are up 28% this year, with online and mobile usage driving growth.

The strong start to 2012 follows on from a year that saw significant double-digit percentage growth in group profits and revenue.

At Paddy Power’s AGM in Dublin yesterday, chairman Nigel Northridge told shareholders the continued momentum seen in the first five months of this year has been supported by “substantial ongoing investment”.