Flutter, the UK bookmaker that owns Paddy Power and Betfair, is betting on success in the US as higher taxes and a clampdown in grey markets hit profits in other parts of its business. The FTSE 100 company on Wednesday said it had hit consensus revenues of £1.02bn in the six months to the end of June, up 18 per cent year on year, boosted by an 8 per cent increase in online revenues and 148 per cent growth in the nascent US market.
Flutter, the UK bookmaker that owns Paddy Power and Betfair, is betting on success in the US as higher taxes and a clampdown in grey markets hit profits in other parts of its business. The FTSE 100 company on Wednesday said it had hit consensus revenues of £1.02bn in the six months to the end of June, up 18 per cent year on year, boosted by an 8 per cent increase in online revenues and 148 per cent growth in the nascent US market.
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