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Paddy raises forecast as online sportsbook returns to growth

18th November 2014 8:43 am GMT

Irish bookmaker Paddy Power has increased its earnings expectations for the full 2014 year following a strong performance in the third quarter of 2014 which saw total net revenue increased by 38 per cent.

The operator said that it benefited from good top-line growth and favourable sports results during the twenty-week period between July 1st and November 16th, with total sportsbook amounts staked up 14 per cent versus a year ago.

Total online net revenue rose 42 [...]

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