Paddy Power on the brink of conquering mobile betting world (video)

Renowned Irish sportsbook Paddy Power is expected to grow by up to 20 percent a year, according to the company’s CEO.

Despite hard financial times, Paddy Power’s CEO, Patrick Kennedy, makes bold predictions about the company’s future. He expects the sportsbook’s online and mobile betting business to grow faster that competitors and says rapidly expanding market will help Paddy Power achieve these predictions.

In an interview to the Irish Examiner, Patrick Kennedy shared his views: "I’d back us to grow at 15 percent to 20 percent a year, and continue to take share of a growing market in sales terms during the next three years."

He went on to add: “Paddy Power’s bet on online gambling and its expansion into markets outside of Ireland are allowing it to boost profit. The company’s investment in mobile technology is putting it ahead of the pack in attracting smartphone and tablet gamblers.”

The expansion dynamics appear to be backed by investors, boosting the share prices 26 percent this year, bringing the company’s market value to EUR1.9 billion.

Paddy Power was the first online sportsbook to have a dedicate Apple’s online app store application for iPhone and iPad and is currently developing a completely new product for tablets.

Join Paddy Power today to enjoy online and mobile betting on a wide selection of sporting events and take advantage of a long list of money back specials.