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Paddy Power Betfair blames bad results on bad results

Bookmaker puts slow growth down to sports results going in favour of punters and lack of major football tournament Paddy Power Betfair has said the lack of a major football tournament and unfavourable sports results were to blame for a slowdown in growth in the first half of the year. Shares in the betting group fell sharply for a second day, after the bookmaker surprised investors on Monday with the revelation that Breon Corcoran had resigned as chief executive. Related: Paddy Power Betfair takes £5m hit from Trump election win Continue...

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Paddy Power Betfair blames bad results on bad results

Bookmaker puts slow growth down to sports results going in favour of punters and lack of major football tournament Paddy Power Betfair has said the lack of a major football tournament and unfavourable sports results were to blame for a slowdown in growth in the first half of the year. Shares in the betting group fell sharply for a second day, after the bookmaker surprised investors on Monday with the revelation that Breon Corcoran had resigned as chief executive. Related: Paddy Power Betfair takes £5m hit from Trump election win Continue...

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William Hill sees online sports betting increase by 13% in a year

Increased online revenues and dividend push bookmaker’s share prices up, even as profits fall due to string of wins for football teams Bookmaker William Hill has reported a big increase in online sports betting in the UK over the past six months, despite feeling the absence of a major international football tournament this year and the wider squeeze on household incomes. The amount wagered on cricket, football, golf and other sports was up 13% on the same period in 2016. Continue...

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