Paddy Power-owner Flutter shares plummet 12% as costs increase over gambling addiction measures

Earnings fell 14% in both Ireland and UK markets

Adjusted earnings at Paddy Power-owner Flutter, which also owns Betfair and FanDuel, fell to £1.24bn (€1.48bn) from a record of £1.4bn in 2020. 

Shares in Paddy Power-owner Flutter plummeted 12% as it spent big last year ahead of anticipated legislation over gambling addiction.  

Adjusted earnings at the gambling giant, which also owns Betfair and FanDuel, fell to £1.24bn (€1.48bn) from a record of £1.4bn in 2020.