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PADDY POWER INTERIM REPORT
11/18/2012 : PADDY POWER INTERIM REPORT SHOWS STRONG PROGRESS
Mobile betting booming
Irish bookmaker Paddy Power's latest interim management statement for the period July 1 to November 14, 2012 shows strong growth in net revenue of 23 percent and a good performance across most business sectors.
Key indicators include:
- Group sportbook amounts staked up 20 percent
- Group total net revenue, up 23 percent
- Net cash availability of around Euro 169 million at 14 November, excluding customer balances.
Online (ex Australia) :
- Paddy Power.com (ex Australia) sportsbook amounts staked increased by 28 percent.
- Paddy Power.com (ex Australia) sportsbook net revenue increased by 26 percent.
- Gaming/B2B net revenue growth grew 14 percent
- Total net revenue increased by 21 percent
Mobile betting is positively impacting online turnover growth and sportsbook gross win percentages for the Group. In October, mobile turnover as a percentage of total online sportsbook stakes was 27 percent in Australia (June 2012: 25 percent) and 45 percent in paddypower.com (June 2012: 41 percent).
The most rapid mobile penetration continues to occur in gaming with mobile gross win in October accounting for 28 percent of Paddy Power Casino (June 2012: 19 percent) and 25 percent of Paddy Power Games (June 2012: 20 percent).
- Online turnover derived from Australian operations continued its strong upward growth trend increasing by 24 percent.
- Online net revenue increased by 39 percent
- Total net revenue increased by 34 percent
Gambling News :
NHL Odds: Lightning go for Season Sweep Over Red Wings -
The Tampa Bay Lightning (37-29-9) have been doing everything possible to make a fourth straight appearance in the Stanley Cup Playoffs. Without star centre Steven Stamkos, Nikita Kucherov (38 goals, 40 assists) and Victor Hedman (15 goals, 47 assists) have stepped up and will look to continue their strong play against the Wings. Game time is 7:30 PM ET on FS-D.
MPN Charity Poker Tournament at ICE 2017 -
During what was a busy three-days for Microgaming at ICE Totally Gaming 2017, the MPN team enjoyed a charity poker tournament with Microgaming operators on Tuesday 7 February.
US$30M DUBAI WORLD CUP -
Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines
NHL Odds: Forsberg Faces Elliott in Nashville -
The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
NBA Odds: Hawks, Wiz in Southeast Showdown -
The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.
NBA Odds: Clippers Try to Slow Down Bucks in LA -
Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.
NHL Odds: Canadiens Welcome Islanders Tonight -
The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.
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