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Paddy Power interim trading report
Tuesday November 17,2015 : PADDY POWER DELIVERS IN TRADING UPDATE
Despite unfavourable sports results and a tough comparative year.
Paddy Power’s interim trading report for the period July 1 to November 15, 2015 delivers strong underlying growth despite unfavourable sports results.
The company said strong top-line momentum had continued during the second half in line with the Board’s expectations leading to their continued expectation of a mid to high single digit percentage increase on 2014’s operating profit.
Key performance indicators (in constant currency) for the period ending November 15, 2015 include:
- Consolidated sports betting stakes up 29 percent, and a 5 percent increase in net revenues.
- A 23 percent increase in online sports betting stakes and a total net revenue increase of 7 percent.
- Australia - online - Total stakes increased by 43 percent and net revenue by 33. New customer acquisitions increased 22 percent in the post-World Cup period. Telephone, which is predominantly a betting-in-running channel, grew stakes by 38 percent.
- UK and Irish online business - total net revenue decreased by 9 percent, new customer acquisition was up 20 percent, sportsbook stakes increased 11 percent, and eGaming revenue grew 6 percent.
- Italy - Online - Revenue increase of 3 percent, driven by strong growth in eGaming.
- Group Retail, sports betting stakes grew by 12 percent and total net revenue by 7 percent.
- UK Retail delivered a 5 percent like-for-like growth in sportsbook stakes. However, like-for-like sportsbook net revenue decreased by 8 percent, attributed to adverse sports results. Machine gaming net revenue grew 6 percent on a like-for-like basis.
- Irish Retail like-for-like stakes grew 8 percent and net revenue by 4 percent.
- Net debt stands at Euro 96 million.
Gambling News :
Summer Is Here: It’s the 2017 Super Millions Poker Open -
The 2017 Super Millions Poker Open (formerly the Summer Millions) starts July 15 with a hefty $2.5 million guaranteed in the prize pool. Qualifiers begin this Thursday; you can satellite your way into the 2017 SMPO for as little as 55 cents.
Americas Card Room Biggest OSS CUB3D ever -
Included in the series is the next $1,000,000 GTD Million Dollar Sunday, the Main Event of the OSS. The MOSS and BOSS also have a Main Event and all three winners will walk away with a sterling silver commemorative bracelet in addition to the prize money.
Also returning is an OSS Cub3d combined leaderboard. The top-3 ranked players at the end will receive a $4,900 Punta Cana Poker Classic prize package and a sterling silver bracelet.
Jurassic World Online Slot live -
During the base game, the fierce and genetically modified Indominus Rex can randomly appear on the screen, awarding wins of up to 1,000x the total bet.
Is there a place for AI in poker? -
If you are into the technology, you have certainly heard about Artificial Intelligence (AI) at least a few times. The word has become even more popular over the course of the last few years, especially with an introduction of another buzz word
MLB Odds: Mets vs. Dodgers -
Injuries have kept the New York Mets (31-37, –14.14 betting units) from being all they can be this year, but they expect to have Steven Matz on the mound for Wednesday’s game against fellow southpaw Rich Hill and the Los Angeles Dodgers (44-26, +7.56 units). First pitch from Chavez Ravine is 10 PM ET on ESPN.
NBA Odds: Warriors Down Cavs in Game 5, Reclaim Title -
It took a game longer than they would have liked, but the Golden State Warriors are once again the NBA champions. They beat the Cleveland Cavaliers 129-120 Monday night to eliminate the Cavs (+9 away) in five games and reclaim the Larry O’Brien Championship Trophy.
Vikings’ Victory Slot Launches -
The game’s impressive graphics take you to the sea side, where a longship sits beyond the reels. Mountains and trees make up the background, and smoke can be seen billowing from beyond the screen. The five reels are on a sail, with 25 paylines marked by red flags.
50 WSOP Seat Satellite -
Sunday, July 2nd at 3pm ET, two just days before the Fourth of July holiday, Americas Cardroom is running a 50-seat qualifier to the 2017 WSOP Main Event in Las Vegas.
NHL Odds: Series Tied Heading Back to Pittsburgh -
As quickly as Pekka Rinne lost his game in Pittsburgh, he found it again in Nashville. After Game 2, there were murmurings that Rinne wouldn’t start the next game. Predators Head Coach Peter Laviolette decided to stick with his goaltender, however, and Rinne led his team to two consecutive victories at home while stopping 50 of 52 shots.
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