Paddy Power owner Flutter expects safer gambling measures to hit revenue

Flutter previously closed 15 bet shops across Ireland during the pandemic, but indicated there would be no extra closures in the short-term as CEO Peter Jackson said “we are pleased with how things are”.

Over the past two years, Flutter has invested around £67m across the UK and Ireland and over £100m in safer gambling measures. (Photo by Matthew Horwood/Getty Images)

Paddy Power owner Flutter’s revenues for its UK and Ireland division are expected to take a hit of up to £250m (€283m) in the next three years as further safer gambling measures are introduced, the company confirmed.

The gambling giant has already removed £150m in annual revenue from its UK business to implement safer betting measures but a further £100m in annual revenue may be impacted by UK and Irish government initiaitives to tackle gambling addiction.