Gambling
Paddy Power-owner Flutter posts rise in profits as US expansion continues
Adjusted earnings rose to €1.15 billion at the Dublin based multinational
Paddy Power-owner Flutter Entertainment has reported higher full-year revenues and profits, after winning 2 million new monthly customers through acquisitions and newly legalized sports betting in US states.
Adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) rose to €1.15 billion, the Dublin-based company said in a statement on Thursday.
The company which grew from a chain of bookmakers shops in Ireland established in the late 1980s has seen a rapid customer growth in recent ...