Sports betting

Paddy Power expects no shop closures in face of £2 FOBT limit

Operator expects to make up shortfall by pushing customers online and benefiting from rivals’ closures

Paddy Power expects the triennial review to have a minimal impact on its retail business, with the firm not expecting to close any shops even with a worst-case scenario £2 stake limit. At an analyst teach-in on Friday, the firm said it expects to mitigate impact on shop profitability with new products, such as new…

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