Australia

 

 

Dublin-based Paddy Power has seen its profits rise by 31 percent, despite large investments in expanding into Italy.  Cormac McCarthy, chief financial officer, attributed the strong growth to good performance in the Australian market and being ahead of the curve in the company’s online and mobile business.  Revenue from smartphone and tablet betting rose 185 percent to US $167.6 million and sales in Australia rose by 46 percent.

 

 

Sydney-based Ainsworth Game Technologies reported a rise in revenues of 41 percent for the second half of 2012, with EBITDA growing 31 percent to $32.7 million.  For the full year, net profit after tax fell by 46 percent compared with the same period in 2011 to $22.5 million due to a $8.4 million tax expense in the current period.  Danny Gladstone, chief executive, said he was pleased with the results and that the company continued to seek expansion opportunities in the Americas.

 

Australian rugby league commentator and former star player Peter Sterling said in a broadcast interview that gambling, rather than drugs, was responsible for the problems player Ben Barba has encountered recently, leading to his suspension.  Sterling said,  "Problem gambling is a much bigger problem in our game than peptides - a long way in front”.

 

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