Saturday December 14, 2019

‘Freakish’ results hit Paddy Power’s telephone arm

Ian Guider

Markets Editor

16th May, 2015

Bookmaker Paddy Power’s telephone betting arm was hit with a string of “freakish” results this year.

Telephone betting is a small part of the bookie’s overall turnover, but Paddy Power said last week that a string of unfavourable sports results ended in a negative gross win – effectively a loss – for the company.

Speaking on a conference call with analysts last week, Paddy Power chief executive Andy McCue...

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