UK gambling firms’ revenue falls, but cost of living crisis not deterring punters

888 and Flutter, which owns Paddy Power, Sky Bet and Betfair, say they have taken hit from safer gambling initiatives

The owners of gambling companies including Paddy Power, Betfair and William Hill have reported a plunge in revenues after implementing safer gambling initiatives - but said that the cost of living crisis is not slowing down punters' betting habits.

London-listed Flutter, which owns Paddy Power, Sky Bet and Betfair, said that its UK revenues fell by 4% year on year in the first six months.