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PaddyPower : Good overall results from Irish online gambling group
Wednesday, November 16, 2011 : STRONG ONLINE AND MOBILE BOOSTS PADDY POWER
Good overall results from Irish online gambling group
Irish bookmaker Paddy Power plc released an update for the trading period 1 July to 14 November 2011 showing continued robust growth in both online and mobile.
- UK and Irish Online
- An increase in sportsbook stakes of 31 percent
- Gaming/B2B revenues up by 33 percent
- Proportion of active sportsbook customers transacting via mobile increased to 44 percent in October 2011.
- Online turnover growth accelerated substantially, up 23 percent compared to 7 percent in HY1/2011.
- Proportion of online active customers transacting via mobile increased to 32 percent in October, as compared to 20 percent in July 2011.
UK Retail performed strongly, with like-for-like sportsbook amounts staked and machine gaming revenue both up 8 percent and some 40 new shop openings expected in 2011.
Irish Retail has seen growth in bet volumes but a reduction in the average stake per bet. Its year-on-year growth later in 2011 will benefit from a weak comparative due to weather disruption in late 2010.
A company spokesperson said: "This strong Group performance reflects ongoing investment to grow our existing activities. This investment also positions us for future international opportunities."
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Pokerstars Bahamas Main and High Roller Results -
The inaugural PokerStars Championship Bahamas saw two big winners crowned this weekend when Christian Harder won the main event for $429,664 and Luc Greenwood took home $779,268 after taking down the $25,750 High Roller event.
High Hopes For Pennsylvania Online Gambling -
Pennsylvania state politicians have wasted no time in getting back to work in the new legislative season, and there is renewed hope for a gambling expansion bill that includes online gambling and daily fantasy sports.
NJ Warns No Federal Online Gambling Ban -
New Jersey Senator and gubernatorial candidate Raymond Lesniak warned that any attempt to overturn a 2011 Department of Justice opinion that the federal Wire Act exclusively governs sports betting would be met with a hard-nosed reaction from his state.
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