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

15th November, 2020
Winner alright for Flutter in the shadow of Covid-19
Peter Jackson, chief executive at Flutter, was understandably pleased with the group’s performance in the three months to the end of September

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...

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