Gambling operator Paddy Power Betfair posted a trading update for the three months and the year ended December 31, 2016. The company highlighted revenue increase despite bettor-friendly results and certain “weakness” in its online gaming performance during the fourth quarter of the year. Revenue for the three months ended December 31, 2016 totaled £388 million, up 10% from the same period a year earlier. Sports betting revenue amounted to £299 million, reflecting a 12% increase year-on-year. According to the figures posted, Paddy Power Betfair generated gaming revenue of £89 million during the reported three months.