Revenue at gambling giant grows by half during pandemic
Flutter reports that loss of live sport was offset by 380 per cent increase in gaming intake in first half of 2020
Revenue at Flutter grew by 49 per cent to £1.52 billion in the first half of the year despite the shutdown of sporting events due to the Covid-19 pandemic.
The gambling giant, which owns Paddy Power and Betfair, this morning reported adjusted earnings before interest, taxation, depreciation and amortisation (Ebitda) of £342 million for the six months to the end of June 2020. This compared to a 59 per cent increase on the figure of £216...
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