Irish casino news reports good results from Paddy Power

In the Irish casino news recently Paddy Power reports going from strength to strength especially in its online business. Releasing results for the first 6 months of the year in the Irish casino news Paddy Power reported a 14pc rise in operating profit to €56.2m of which around 80% came from internet and mobile operations. It seems it is not only the profit which is up but also the number of active customers has risen substantially over the past 12 months and now exceeds 700,000 of which more than 130,00 are in Australia where Paddy Power is active. According to the results in the Irish Casino news the Irish retail side of the business which is the over the counter business in the shops in Ireland was less successful and operating profits were down despite the total staked being up; Paddy Power put this down in part to a difficult Cheltenham Festival where the punters did better than the bookmaker by backing the many winners by Irish jockeys. In contrast both turnover and profits from the UK shops showed an increase. Paddy Power share price has risen steadily over the past year but the really good news comes in the form of employment as last year Paddy Power announced in the Irish casino news that they anticipated creating 500 new jobs in Ireland by the end of 2013 but Chief Executive Patrick Kennedy now expects that to be considerably more. He added that the group had already created 300 new jobs since the start of the year of which some 160 were in the Dublin Headquarters. Irish casino news considers this very good news indeed in these difficult times and Paddy Power remains one of the best online casinos available and you can access it directly from casinos.ie.