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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.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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