Winner alright for Flutter in the shadow of Covid-19
The gambling giant, which owns Paddy Power-Betfair, saw revenues increase by 49 per cent in the first six months of 2020 during severe coronavirus restrictions on sport
The old adage that the bookies never lose has rarely been more appropriate than in the case of gambling giant Flutter over the course of 2020.
The betting firm, which counts Paddy Power-Betfair among its stable of brands, announced third quarter results last week.
Year-on-year revenue growth of 30 per cent to £1.325 billion; a 41 per cent increase in active customers; and a revised earnings projection of £1.275 billion to £1.350 billion for the year...
Subscribe from just €1 for the first month!
What's Included
With any subscription you will have access to
-
Unlimited multi-device access to our iPad, iPhone and Android Apps
-
Unlimited access to our eReader library
-
Exclusive daily insight and opinion seven days a week
-
Create alerts to never miss a subject that matters to you
-
Get access to exclusive offers for subscribers on gifts and experiences
-
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Related Stories
Induction Healthcare in €30 million Australian medtech deal
The move will significantly strengthen the market position of British firm Induction Healthcare, in which the businessman is a key shareholder
Post-surgery bra maker raises half a million from US university
Irish bamboo underwear producer Theya Healthcare will use the latest funding to accelerate its expansion in the US and elsewhere
Anti-extremism firm seeks to raise nearly €17m in new funding round
Moonshot works with governments and Big Tech to find those expressing extremist sentiments online and try to change their outlook
Regulator moves against Wealth Options Trustees
The Pensions Authority, supported by the Revenue Commissioners, is taking unprecedented legal action to remove the Irish administrator of the collapsed Dolphin Trust property group from its list of pension schemes
