Paddy Power give us good Irish casino news

For those of us who take an interest in all things related to the online casino business sector, it is rewarding to be able to report a good piece of Irish casino news, amidst all the doom and gloom of the current economic climate. The Irish bookmaker Paddy Power have just reported their full year financial results, and have exceeded all forecasts by achieving a 16% rise in pre-tax profits to 121.2 million euros. Shareholders in Paddy Power, which is quoted in Dublin and in London, have consequently been rewarded by a staggering 40% increase in the final dividend. Paddy Power have suffered along with most other bookmakers from a fall in turnover through their high street betting shops, but their online casino and online sports gambling business has apparently produced a 26% rise in operating profit during the year, coming in at 93 million euros and therefore representing 79% of the total group profits. Further proof if any were necessary that gambling online is a major growth area even in this tight economic climate. Playing casino games online and being able to gamble on a huge range of sports online is clearly what the customers want, and Paddy Power have been able to reap the benefit of their investment in their online business. They have of course broadened their horisons beyond Ireland, and now own Sportsbet, an Australian pool betting service, and have also recently signed an agreement with British Columbia Lottery Corporation which it is hoped will further their growth in the Canadian gaming market. Paddy Power are clearly a success story for Irish business, and we congratulate them on their performance over the past year and wish them every success in the future. Many people have queried some of their more unusual advertising campaigns, but their online casino site is as good as any, so if you want to support your Irish bookmaker click on our link and take a look.