Mobile betting enjoys unprecedented growth at Paddy Power

Mobile betting and online sportsbook services helped Paddy Power achieve impressive first-half 2011 results.

Mobile betting services enjoyed a 279 percent increase. Profit before tax rose by 15 percent to €56.8 million. Interim dividend increased by 20 percent to 30 cents/share. Overall 81 percent of Paddy Power’s operating profits were derived from online services. 73 percent came from international betting.

CEO of Paddy Power, Patrick Kennedy, had the following comments: “This has been a great first half for Paddy Power. The excellent performance of the Online Division and the success of our mobile offering stand out. We have continued to experience strong growth in the UK Retail market and our Australian business has progressed well.”

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