Wednesday 18. November, 2015

Paddy Power Reports Australia Offset Poor Sportsbook Results

Irish gambling operator, Paddy Power, has reported that following on from strong performance in H1, in the period from July 1 to November 15, 2015, trading met expectations. Its overall net revenue increased by 9 percent compared to the same period last year, with its Australian online business contributing significantly to the growth.

Paddy Power reported revenue from its Australian online business, Sportsbet, was up 24 percent compared to the same time last year in terms of nominal figures and up 33 percent when constant currency is considered. Total wagers placed increased by 43 percent year on year.

The majority of this growth was attributed to an increase in both new and existing customers. The company reported a 22 percent increase in new customers at the end of the 2014 FIFA World Cup. There was a 38 percent growth in wagers from Australia’s telephone betting service.

Net revenue from the online sportsbook increased 7 percent year on year with the amount wagered via the Paddy Power sportsbook increasing by 21 percent. When removing Australia from the equation, total net revenue from the online business decreased by 3 percent and nominal sportsbook revenue dropped 12 percent. This drop was attributed to unfavourable sports results.

The results from Australia boosted the overall results for the gambling operator.

“While sports results in the period were unfavourable across the sector, for Paddy Power this has been offset by strong underlying growth,” the company announced in a trading update.

“Accordingly, the board continues to expect full year 2015 reported operating profit to be a mid to high single digit percentage increase above 2014.”

Paddy Power also announced, in the same update that it has submitted to regulators all the relevant filings for its proposed merger with UK-based Betfair.


All new Australian players get 130 free spins and bonuses up to €1000 on the first three deposits.


Get 30 free spins and 4 welcome bonuses to a total value of $1400 as a new Australian customer!


New Australian players get 35 free spins on Spiñata Grande and a 100% welcome bonus up to $200!

400% BONUS

As a new Australian customer, deposit €100 and you will get €500 to play for!


Get a €10 exclusive bonus on your first depost and get 10% top-up on your winnings or 10% cashback on your losses the first week.


Get 50% of the deposit you make in free spins! Deposit $400 in order to get 200 free spins! Also, 100% bonus on your first deposit!

$500 BONUS

Join All Australian Casino and get a 100% bonus up to $500 as a new Australian customer!


As a new Australian player, you get 50 free spins and a 200% welcome bonus!


Get up to $1000 in bonus on your first four deposits. Also, 180 free spins to all new Australian players!


Get 100 free spins on Starburst and a first deposit bonus worth up to $400 as a new Australian player!

PokiesPedia was last updated:
April 16, 2017

Receive 100 Free Spins Now!

Receive 100 Free Spins Now!

Join our mailing list to receive 100 free spins instantly and the best bonus offers for Australians!

You have Successfully Subscribed!