Paddy Power Betfair braces for year of change

Paddy Power Betfair braces for year of change

Paddy Power Betfair (PPB) boss Peter Jackson says the company’s “scale, leading customer propositions and strong balance sheet” should protect it from any regulatory shocks this year, including a fixed-odds betting terminals tax in the UK, a decision on sports betting in the US, and point-of-consumption taxes in Australia. For now, these regions are growing ahead of such anticipated changes, with Australia’s 21 per cent sales growth leading the way last year. Interestingly, however, a ban on credit betting has come into effect there after the period end.

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