Record Online Revenues At Paddy PowerPoker Performs Well “Relative To Peers” Says Irish Bookie |
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Paddy Power Plc, the Irish bookmaker which operates paddypowerpoker.com and the Irish Open has issued its preliminary results for 2010.
Paddypower.com, the company’s online unit which includes poker, casino, bingo, games, experienced strong growth with gross win up 52 percent to a record €163.7 million and operating profit up 26 percent to €57.5 million.
Of poker the company said, “Our Poker business continues to perform well relative to its peers but faces ongoing challenges from sites taking play from the U.S. In this context, we were pleased to increase new player sign-ups helped by our sportsbook growth, another successful Irish Open Poker Tournament (which attracted record player numbers) and the towering achievement of a world record chip stack at our Irish Winter Festival.”
Overall the company saw operating profit up 56 percent to €103.8 million.
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