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Paddy Power lifts sales, creates jobs

Thu, 12th Nov 2009 08:48

Bookmaker Paddy Power said it is confident of meeting consensus estimates of earnings per share of 113 cents for 2009 after seeing strong turnover growth since July 1 and announced a deal which could create 250 jobs in Ireland.The firm said it was reaping the benefits of new store openings in the UK, with 22 new outlets opened this year so far, and market share growth in Ireland.It also announced a five-year agreement with French betting group PMU, whose new online sports betting business it will supply with risk management and pricing expertise. It said the deal will create 50 jobs in Dublin by June, with a further 200 expected in the following two years.The partnership was launched by Irish Taoiseach Brian Cowen, who said: 'Today's announcement shows that the smart economy is not a pipedream, it is happening all around us. 'Paddy Power is a prime example of a company with a talent for innovation that keeps on searching for new opportunities.'

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Bookmaker Paddy Power gets new boss

Irish bookmaker Paddy Power has a new chief executive after former boss Patrick Kennedy stepped down. Paddy Power said Andy McCue, formerly managing director of the group's retail UK & Ireland business, had taken up the role on Friday. Kennedy announced his intention to step down as chief executive

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PRESS: UK Bookmakers To Create Gambling Watchdog - FT

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DIRECTOR DEALINGS: Paddy Power Incoming Chief Executive Gets Shares

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UK MORNING BRIEFING:

4 Sep 2014 06:48

Paddy Power Appoints McCue As Chief Executive Designate

28 Aug 2014 12:07

Paddy Power sympathises with John Cleese as profits fall 20%

Irish bookmaker Paddy Power said it intended to restart its buyback programme as it reported a 20% fall on pre-tax profit for first half of the year. The company's pre-tax profit fell to €61.6m (£49.02m) due to a run of unfavourable sports results as the "public had a field day". In January and M

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