Finance

Paddy Power Betfair online revenues down 1% as US business beats expectations 

Flutter raises US guidance while core Paddy Power Betfair online business hurt by RG measures and market exits

Flutter Entertainment has reported a 1% decline in Q3 online revenues from Paddy Power Betfair, with the division affected by responsible gambling measures, international market switch offs and challenging World Cup comparatives. Online revenues were £247m, with sports revenues hardest hit, dropping 6% to £163m. Flutter said when adjusting for the World Cup and market…

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