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<br>Paddy Power shares slump on outcomes<br>
<br>Shares in Paddy Power Betfair have fallen by about 5% after the bookmaker revealed disappointing [first-quarter](https://gitlab.ui.ac.id/kurtisstandley) results.<br>
<br>The [company's](https://viewcast.altervista.org/@muoishade82761?page=about) [underlying](https://x.com/YohaigNG/status/1845872747924123782) [profit fell](https://gitea.clintmasden.duckdns.org/terrellzuniga6) to ₤ 80m, [compared](https://luqueautomoveis.com.br/index.php?page=user&action=pub_profile&id=420157) to ₤ 91m for the same duration in 2017.<br>
<br>It blamed bad weather [condition](https://worship.com.ng/antonfeliciano) in March for lower incomes from [horseracing](https://pipewiki.org/wiki/index.php/User:KaleyVillarreal) after 14% of UK and Irish races were cancelled.<br>
<br>New betting taxes and start-up losses in the US also took their toll.<br>
<br>The company stated it was [planning](https://wiki.tgt.eu.com/index.php?title=User:TorriBagley) to return ₤ 350m of money to investors in the next 12 to 18 months, with a [share buyback](https://gitlab.ujaen.es/fayemessner339) programme to be started soon.<br>[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
<br>[Paddy Power](https://www.youtube.com/playlist?list=PLV34pN7j-J3AJoD4_c_sAVfg_4qZGeTPR) Betfair opened three new stores in the UK and 2 in Ireland during the quarter, taking its overall to 631.<br>[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
<br>'Good progress'<br>[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
<br>[the yohaig code](https://osclass-classifieds.a2hosted.com/index.php?page=item&id=320368) company said group earnings was down 2% at ₤ 408m for the quarter,<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
<br>Growth in football betting was offset by "weak point in horseracing, which was adversely affected by [the yohaig code](http://ysx.myds.me:3005/ronnysnoddy476) high level of weather-related cancellations".<br>
<br>It expects full-year [revenues](http://donghuosc.hubei.gov.cn/codes/mercedesfosdic) to come in at in between ₤ 470m and ₤ 485m.<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
<br>"We have actually made great progress against our tactical priorities," stated president Peter Jackson.<br>
<br>"In Europe, the successful conclusion of our platform integration has led to a meaningful enhancement to the Paddy Power item.<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
<br>"In Australia, Sportsbet continues to carry out well and is [targeting](https://gitlab.tu-dortmund.de/leonardkidd162) further [market share](http://git.fofpower.cn/brandonmcmurra) growth."<br>
<br>"Weather is a big aspect in our market and the awful start to [this promotion code](https://gitlab.tu-dortmund.de/leonardkidd162) year has [impacted](https://wikisofia.cz/wiki/U%C5%BEivatel:LuciePelsaert5) lots of businesses, not simply [the yohaig code](https://git.student.rea.ru/eusebiamack060) bookmakers. It is not surprising that revenues have slumped, but the genuine test will be through the spring and summer," said Andy Bell from Bettingodds.com, external.<br>
<br>Betting company 'failed problem gamblers'<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
<br>2 May 2018<br>
<br>Bookies look for betting machine reprieve<br>
<br>29 April 2018<br>