Outlet: Flutter CFO Jonathan Hill said the pandemic had not shortened the lifespan of the Paddy Power retail presencePaddy Power owner Flutter Entertainment has insisted that its retail business in Ireland and the UK has a future despite a continuing surge towards its online platforms as the pandemic keeps shutters down on bricks-and-mortar outlets. Read MoreThe group’s retail business in Ireland and the UK represents a small part of Flutter’s overall activities, but the units have been racking up a £9m Ebitda loss every month they remain closed. But Flutter’s chief financial officer, Jonathan Hill, said the pandemic had not shortened the lifespan of the Paddy Power retail presence. “We’re very clear that we think retail plays a key role in our business,” he said. “We’ve got a very well-invested estate both across the UK, Ireland and in our retail outlets in the US as well.”“We’re very comfortable,” he added.

Source: Irish Independent March 03, 2021 02:36 UTC