Finance

Betfair Casino revenues up 29% as DRAFT acquisition hurts PPB US profits

Group US revenues reach £109m with positive EBITDA despite start-up losses from the Exchange and DRAFT

Paddy Power Betfair has reported a 15%cc rise in revenues from its US business, comprised of TVG, Draft, and the Betfair Casino and Exchange in New Jersey. 2017 revenues hit to £109m comprised of 13% growth in sports revenue to £94m and 29% growth in gaming revenues at the Betfair Casino to $16m. The Betfair…

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