Paddy Power Betfair's trading update - the key points
The bookmaker said operating profit doubled in the first quarter, helped by a good Cheltenham
Paddy Power Betfair issued a trading update for the first three months of the year, reporting that operating profit doubled in the first quarter. However, it said that gross win margins in April were "weak" and the competitive nature of the gambling industry was "pretty extreme". Here are the key points from its trading statement:
- The bookmaker said revenue rose by 23 per cent to £416 million (€492 million) in the three ...
