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Paddy Power profits up 15pc

IRISH bookmaker Paddy Power has raced ahead with a 15pc boost in profits listed at €56.8m for the first half of this year.

The group's online business jumped by 25pc to €45.3m and now just over 80pc of the group's profits come from online betting, said CEO Patrick Kennedy (right).

Mobile-phone betting is one area showing a meteoric rise -- with turnover jumping by almost 300pc.

And the majority of the profits (73pc) come from punters having a flutter outside Ireland.

Overall operating profits in its Irish shops fell 44pc to just over €5m, hit by unfavourable sports results, especially from Cheltenham.


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