Finance

Paddy Power Betfair 2017 revenues rise 5% as gaming issues continue

Group pledges to up 2018 marketing spend by £20m as online gaming revenues fall 2% and sportsbook grows below wider market rates

Paddy Power Betfair has pledged to up its marketing spend by £20m in 2018, as the firm saw its gaming division continue to decline and Paddy Power brand lose sportsbook market share. The group this morning reported 5% year-on-year rise in FY17 online revenues to £898m, with sportsbook revenues up 8% to £660m and gaming…

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