{"id":85490,"date":"2018-08-09T06:35:42","date_gmt":"2018-08-09T13:35:42","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=85490"},"modified":"2018-08-09T06:45:09","modified_gmt":"2018-08-09T13:45:09","slug":"fan-duel-contributes-to-paddy-power-betfairs-revised-earnings-forecast","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/fan-duel-contributes-to-paddy-power-betfairs-revised-earnings-forecast\/","title":{"rendered":"\u2018Loss-Making\u2019 Fan Duel Contributes to Paddy Power Betfair\u2019s Revised Earnings Forecast"},"content":{"rendered":"
Paddy Power Betfair (PPB) has said that losses incurred by its US operations, the FanDuel Group<\/a>, has forced it to revise its earnings outlook for the year. Meanwhile, a lucrative World Cup failed to offset higher betting taxes in Australia and disappointing revenues from horse racing.<\/p>\n