Paddy Power to expand in online casino games market
The Dublin-based international betting and gaming services giant has been investing heavily in its online content — much of that in launching its online presence in Italy, Europe’s biggest betting market — and will shortly launch a number of new product offerings, including a sports betting-based social game called ‘BetDash’ and a new mobile casino brand called ‘Roller’.
Online and mobile device use is increasingly driving growth at Paddy Power. The financial results — for the first six months of the year — weren’t merely the latest in a line of impressive numbers, but were actually record first half figures. On a year-on-year basis, pre-tax profits rose by 21% to €68.7 million, net revenue was up by 29% to €311.2m, operating profit increased by 13% to €67.1m and diluted earnings per share jumped by 25% to 121.5c.
