Online betting lifts Paddy Power profits by 12%

Paddy Power boosted half-year profits by 12% today as a surge in online bets helped it overcome a dismal Cheltenham festival for bookmakers.

Online betting lifts Paddy Power profits by 12%
Wed, 28 Aug, 2013 - 15:52

Paddy Power boosted half-year profits by 12% today as a surge in online bets helped it overcome a dismal Cheltenham festival for bookmakers.

The Dublin-based group, which generates over three-quarters of its profits from the internet, said almost two-thirds of its online sportsbook customers now place bets via mobile devices.

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