Casino News: Outstanding performance of Paddy Power Group for 2011

Outstanding performance of Paddy Power Group for 2011

 March 9, 2012, 7:36 am (6 years ago)
This week, Paddy Power, one of the leading sportsbook and online gambling group of Ireland has recently reported its financial performance for the year 2011. According to this report, Paddy Power group has shown massive growth in pre taxation profit by 16% to approximately €121.2 million.

The main source of revenue for Paddy Power group has obtained from 1 million of customers from their mobile and online gaming platforms. The large number of visitors to Paddy Power group has lead to the drastic increase in operating profit of the company to 79%. According to Patrick Kennedy, CEO of Paddy Power group, “The online migration of the players has shown drastic increase with the advent of tablet computers and various smart phones in the sector of online gambling.” In addition to this, Paddy Power group has seen remarkable turnover worth €4.6 billion in the year 2011.

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