Paddy Power Betfair has released their H1-2017 financial report, blaming slow progress on the lack of a major football event, and adverse sports betting results as the punters pick the favourites, and the favourites do what favourites do.

Paddy Power Betfair released their H1-2017 numbers, resulting in a 5% bumpy slide down the FTSE 100.

The blow came a day after Sky News reported that Paddy Power Betfair’s CEO, Breon Corcoran, was set to leave the industry; a report that immediately saw the shares fall 8.5% from Friday’s closing value. It was their lowest point in the past two years. By the close of play, the damage was a 4.67% dip to $75.50.

Revenue growth was up 9% YOY to £827m, but this included a £40m present thanks to the weak performance of sterling since the decision from the old folk in the UK to leave the European Union. The cost of sales was up 8% to £189m. Operating costs were up 4% to £419m.