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Paddy Power forging ahead with 23pc

Friday, November 16 07:50:26

Bookmaker Paddy Power has said that its overall performance for the months from July to November was in line with expectations. In an interim management statement, Paddy Power reported ''strong'' growth in net revenue of 23pc and continued significant investment. However it added that levels outside of Australia were held back by a number of factors, including weather related cancelations of some sporting events and the Olympics in London. This was offset by favourable sports results which resulted in a gross win percentage above normal expectations.