Tuesday, March 8, 2016

Paddy Power's pre-merger revenues hit £850m

Bookmaker earned enough in three hours last year to cover recent ‘voluntary payment’ for encouraging problem gambling

Bookmaker Paddy Power took less than three hours last year to bring in enough money to cover its recent £280,000 donation to good causes after encouraging problem gambling and failure to prevent money laundering.

The Irish firm’s 2015 results, its last before a £5bn merger with Betfair, reveal that it pulled in revenues of €1.09bn (£850m) in 2015.

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from Mergers and acquisitions | The Guardian http://ift.tt/1M54US7

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