Posts Tagged financial results
Betfair revenue down 7%
Posted by Peter Webb in Bet Angel on September 6th, 2011
Full regulatory news release available from the following link: -
http://www.investegate.co.uk/article.aspx?id=201109060700136723N&fe=1
Paddy Powers on
Posted by Peter Webb in Bet Angel on August 25th, 2010
It’s easy to forget in this modern age of betting exchanges that traditional bookmakers are still around and still going strong. Paddy Power just released results which showed that gross win was up 117% to €112m and operating profit up 66% to €36.1m. Online betting accounts for 73% of the group’s operating profit.
Paddy Power said profit before tax for the six months to June 30 grew 54% to €52.5m. In 2009 Betfair earned £42m for the whole year.
Paddy Power said an “exceptional” World Cup tournament generated total gross win of €18m (€12m in the period), a more than four-fold increase compared to Euro 2008 and the World Cup 2006.
Ladbrokes results
Posted by Peter Webb in Bet Angel on February 18th, 2010
Not much time to comment on the Ladbroke results but here they are.
An interesting graph in the presentation on UK race meetings that have been abandoned which just seems to be headed in one direction only!!! Your average Ladbrokes punter slaps less than a £10 on the counter per bet. I think this goes to highlight why Betfair will always struggle to reach this type of customer. Ladbrokes e-gaming division had a gross win of £172m vs. Betfair’s £239m. Overall Labrokes gross win is still significantly bigger than Betfair’s at £1.15bn.