Paddy Power-owner Flutter posts rise in profits as US expansion continues

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Paddy Power-owner Flutter posts rise in profits as US expansion continues
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Adjusted earnings rose to €1.15 billion at the Dublin based multinational

Paddy Power-owner Flutter Entertainment has reported higher full-year revenues and profits, after winning 2 million new monthly customers through acquisitions and newly legalized sports betting in US states.

Adjusted earnings before interest, taxes, depreciation and amortization rose to €1.15 billion, the Dublin-based company said in a statement on Thursday. The company which grew from a chain of bookmakers shops in Ireland established in the late 1980s has seen a rapid customer growth in recent ...

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