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Paddy Power profits plummet 20% despite acquiring 148,000 new online mebers during the World Cup

on Aug 28, 2014 | 0 comments

By John McCarthy

Bookmaker Paddy Paddy has attributed a six-month 20 per cent drop in operating profit to a bad run of luck – despite the firm recording industry-leading digital growth with almost 150,000 new mobile and tablet gamblers joining the site during the World Cup.

The UK leader in digital gambling has saw profits double in the last half decade but it reported a 20 per cent drop in operating profit to 60 million Euros in the first half of 2014.

The firm also announced that it acquired 148,000 new online customers during the World Cup where it saw “very strong brand exposure” courtesy Read full story ›

Source: The Drum