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Flutter forecasts profits to double by 2027

Paddy Power owner Flutter Entertainment, the world's largest online betting company, said it expects to more than double its core profit by 2027 and that it had authorised a share buyback of up to $5 billion to be deployed over that period.
Business • 25 Sep 24

Paddy Power Betfair investment plan brings some pain

Shares in Paddy Power Betfair fell today after the gambling group's plans to increase marketing spend and boost sluggish European growth led to downgrades in earnings forecasts.
Business • 07 Mar 18

Paddy Power reports record pre-tax profits

Paddy Power has reported a record annual pre-tax profit for 2014 of €167m, up 21% on the previous year's figure.
Business • 03 Mar 15

CVC ends pursuit of Betfair after bids rejected

Betfair and CVC Capital Partners have ended takeover talks after the private equity firm said it would not make a third revised offer.
Business • 14 May 13

Paddy Power revenue up 20% so far this year

Paddy Power has said its group net revenue is up 20% so far this year on the back of 29% growth in online revenue and 8% growth in retail revenue.
Business • 14 May 13

Betfair turns down $1.4 billion CVC offer

Online gambling company Betfair today rejected a $1.4 billion takeover approach from private equity firm CVC Capital Partners,
Business • 22 Apr 13

Ladbrokes sees digital strategy paying off in 2013

Ladbrokes expects to see payback this year from a £50m sterling investment in an online business that had failed to keep pace with rivals.
Business • 21 Feb 13

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