Cheltenham festival a winner for Flutter with €275m in bets placed

 
Horse-racing fans bet €275 million with Paddy Power owner Flutter Entertainment’s businesses during last month’s Cheltenham festival, the group said on Thursday.
The Irish gambling giant reported that revenues grew 32 per cent to £1.485 million sterling (€1.7 billion) in the first three months of the year.
Jonathan Hill, chief financial officer, said punters had bet £240 million (€275 million) with its companies Paddy Power, Betfair and Fox Bet during the Cheltenham national hunt festival last month.
Paddy Power’s betting app was the most downloaded during the event, Flutter said. Mr Hill joked that this made it a “truly Irish festival”, drawing on the fact that 23 of the 28 winners over meeting’s four days were trained in Ireland.

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