{"id":29099,"date":"2016-05-05T09:27:47","date_gmt":"2016-05-05T09:27:47","guid":{"rendered":"http:\/\/www.gaming-awards.com\/NEWS\/?p=29099"},"modified":"2016-05-05T09:27:47","modified_gmt":"2016-05-05T09:27:47","slug":"paddy-power-betfair-take-cheltenham-hit-but-still-show-increased-profits","status":"publish","type":"post","link":"https:\/\/gaming-awards.com\/NEWS\/paddy-power-betfair-take-cheltenham-hit-but-still-show-increased-profits\/","title":{"rendered":"Paddy Power-Betfair take Cheltenham hit but still show increased profits"},"content":{"rendered":"

\"paddy<\/a>The newly merged gambling giant that is Paddy Power-Betfair announced its first quarterly results as a combined company with quite positive figures. Even with a massive hit at the Cheltenham festival with so many favoured horses winning giving the punters a festival to remember.<\/span><\/p>\n

Paddy Power-Betfair said they lost \u20ac76 million at Cheltenham this year as a combined company, but despite such results, the company announced good overall figures for the first three months of the year, with group revenues up 16% to \u00a3339 million (\u20ac427m) and profits up 36% to \u00a343 million.<\/span><\/p>\n

Chief executive Breon Corcoran said the post-merger integration is \u201con track\u201d and the restructuring of the business has commenced, adding that customers are already benefiting from the sharing of both brands\u2019 products.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The newly merged gambling giant that is Paddy Power-Betfair announced its first quarterly results as a combined company with quite positive figures. Even with a massive hit at the Cheltenham festival with so many favoured horses winning giving the punters a festival to remember. Paddy Power-Betfair said they lost \u20ac76 million at Cheltenham this year […]<\/p>\n","protected":false},"author":4,"featured_media":27774,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,3,8],"tags":[],"class_list":["post-29099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","category-igaming","category-latest"],"yoast_head":"\nPaddy Power-Betfair take Cheltenham hit but still show increased profits - iGaming Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gaming-awards.com\/NEWS\/paddy-power-betfair-take-cheltenham-hit-but-still-show-increased-profits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Paddy Power-Betfair take Cheltenham hit but still show increased profits - iGaming Post\" \/>\n<meta property=\"og:description\" content=\"The newly merged gambling giant that is Paddy Power-Betfair announced its first quarterly results as a combined company with quite positive figures. 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