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BRIEF-Paddy Power to keep Italian business, says 2015 started well
May 14, 2015 / 6:12 AM / 3 years ago

BRIEF-Paddy Power to keep Italian business, says 2015 started well

May 14 (Reuters) - Paddy Power Plc

* In online, sports betting stakes grew by 24% and total net revenue by 36%

* Weakness in euro relative to comparative period continues to help offset impact of new taxes

* 2015 has started well, while sports results have been unfavourable across sector

* Completed a strategic review of group’s italian business. Identified substantial operational improvements

* Total group sports betting stakes increased by 21%, with net revenue up 28% Further company coverage: (Reporting By Padraic Halpin)

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