Online Poker Paves The Way For Paddy Power
Published: Friday, March 03, 2006 Online-Casinos.com
ONLINE POKER PAVES THE WAY FOR PADDY POWER
10000 new online poker players signed up in first year
The Irish bookmaker & online gambling group Paddy Power says that its entry to the online poker market has paid off, signing up nearly 10,000 gaming customers in the past year to Paddy Poker.
According to the bookmaker, nearly 10 percent of its total online customer base use the site solely for online casino games and it is making a solid contribution to group profits.
Gross win from Paddy Power's gaming book increased to Euro 17 million from Euro 6 million in 2004. The sports book, which has been up and running for some years has gross win of Euro 26 million.
The shift from traditional fixed odds betting is growing at Paddy Power. Around a quarter of all turnover on its website is generated from "betting in running" on sporting events and this is set to continue. In Britain, GBP 4.3 million was earned from the company's 172 fixed-odds betting terminals in its 45 British betting shops.
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