Paddy Power upbeat despite losing streak

Bookmaker Paddy Power today said a run of punter-friendly sporting results caused operating profits to drop 26% in the six months to June 30.

Paddy Power upbeat despite losing streak

Bookmaker Paddy Power today said a run of punter-friendly sporting results caused operating profits to drop 26% in the six months to June 30.

The success of England's big four football teams at the end of last season and a run of Irish-trained winners at the Cheltenham racing festival meant Power's gross win - the amount left by losing punters - was lower than expected.

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