Paddy Power boss Peter Jackson; very wealthy man

Barry O’Halloran

Thu Mar 2 2023 – 08:32

Once-off costs left Paddy Power and Betfair owner Flutter Entertainment with a £305 million (€343 million) loss last year.

The Irish gambling giant said on Thursday that revenues rose 27 per cent to £7.7 billion in 2022 from £6 billion the previous year.

Pretax losses narrowed to £305 million last year from £412 million in 2021, the company’s financial results show.

However, stripping out several once-off costs and expenses that are not part of its normal business, Flutter’s pretax profit slipped 26 per cent to £336 million in 2022 from £454 million the previous year.

American company @FlutterPLC use @realDonaldTrump @MELANIATRUMP @paddypower #gamblingad

WASHINGTON, DC – OCTOBER 13: (L to R) First Lady Melania Trump looks on as U.S. President Donald Trump takes questions from reporters, on their way to Marine One on the South Lawn of the White House, October 13, 2017 in Washington, DC. The President and First Lady are making a visit to the U.S. Secret Service training facility in Beltsville, Maryland. (Photo by Drew Angerer/Getty Images)

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