Menu
28/05/2008
Paddy Power Bets £19m On McGranaghans
A famous firm of Irish bookmakers, Paddy Power has bought Belfast-based McGranaghan Racing.
The deal - believed to be for £19m sterling sees the bookie chain entering the Northern Ireland market for the first time.
McGranaghan Racing's eight betting offices are located in Belfast city centre, west Belfast and the city suburbs of Holywood and Glengormley.
The company was established in 1952 and currently employs 50 staff, all of whom will be retained by Paddy Power.
"Acquisition is the necessary route into this interesting market and McGranaghan's is an ideal entry point for Paddy Power," commented the company's Chief Executive Patrick Kennedy.
He said the company will invest a 'seven-figure' sum refitting the Belfast shops with all the offices trading under the Paddy Power brand name by July.
In counterpoint, luck was out for those 'betting on a winner' with a gamble on the Irish Stock Market yesterday, with Paddy Power shares down 29 cents to €21.90 in Dublin - despite the expansion news being revealed.
(BMcC)
The deal - believed to be for £19m sterling sees the bookie chain entering the Northern Ireland market for the first time.
McGranaghan Racing's eight betting offices are located in Belfast city centre, west Belfast and the city suburbs of Holywood and Glengormley.
The company was established in 1952 and currently employs 50 staff, all of whom will be retained by Paddy Power.
"Acquisition is the necessary route into this interesting market and McGranaghan's is an ideal entry point for Paddy Power," commented the company's Chief Executive Patrick Kennedy.
He said the company will invest a 'seven-figure' sum refitting the Belfast shops with all the offices trading under the Paddy Power brand name by July.
In counterpoint, luck was out for those 'betting on a winner' with a gamble on the Irish Stock Market yesterday, with Paddy Power shares down 29 cents to €21.90 in Dublin - despite the expansion news being revealed.
(BMcC)
Related Irish News Stories
Click here for the latest headlines.
17 November 2011
Paddy Power Fancies Depp To Play Wacko
Irish bookmaker Paddy Power has given Johnny Depp just 4/1 odds to play King of Pop Michael Jackson in a movie about his life. The bookie opened betting on after movie maker Ivan Reitman, who directed ‘Ghostbusters’ and ‘Up In The Air’ producer Tom Pollock began discussions about creating a Hollywood blockbuster detailing the tragic singers life.
Paddy Power Fancies Depp To Play Wacko
Irish bookmaker Paddy Power has given Johnny Depp just 4/1 odds to play King of Pop Michael Jackson in a movie about his life. The bookie opened betting on after movie maker Ivan Reitman, who directed ‘Ghostbusters’ and ‘Up In The Air’ producer Tom Pollock began discussions about creating a Hollywood blockbuster detailing the tragic singers life.
11 October 2012
600 Jobs Created By Paddy Power Expansion
The creation of more than 600 jobs at bookmaker Paddy Power’s new headquarters in Clonskeagh in Dublin will be announced by Taoiseach Enda Kenny on Thursday. The new posts will be created in areas such as e-commerce, technology, social media, research, risk management and online marketing, between now and the end of 2015.
600 Jobs Created By Paddy Power Expansion
The creation of more than 600 jobs at bookmaker Paddy Power’s new headquarters in Clonskeagh in Dublin will be announced by Taoiseach Enda Kenny on Thursday. The new posts will be created in areas such as e-commerce, technology, social media, research, risk management and online marketing, between now and the end of 2015.
16 July 2012
Paddy Power Goes Undercover On Channel 4
Paddy Power will be the subject of Channel 4’s top rated show ‘Undercover Boss’ tonight. This is the first time the hugely popular television franchise has chosen a company outside the UK to feature in their award-winning series.
Paddy Power Goes Undercover On Channel 4
Paddy Power will be the subject of Channel 4’s top rated show ‘Undercover Boss’ tonight. This is the first time the hugely popular television franchise has chosen a company outside the UK to feature in their award-winning series.
16 May 2012
ASA Ban Paddy Power Transgender TV Ad
The UKs Advertising Standards Authority (ASA) has upheld complaints over an advert for Irish bookmaker Paddy Power featuring transgender people. The ad broadcast during February ahead of Ladies' Day at the Cheltenham Festival invited viewers to spot the "stallions" from the "mares".
ASA Ban Paddy Power Transgender TV Ad
The UKs Advertising Standards Authority (ASA) has upheld complaints over an advert for Irish bookmaker Paddy Power featuring transgender people. The ad broadcast during February ahead of Ladies' Day at the Cheltenham Festival invited viewers to spot the "stallions" from the "mares".
09 January 2014
Fine Gael Remains The Country's Most Popular Party
The Red C poll for Paddy Power shows Fine Gael is the country's most popular political party. The opinion poll shows the party on 28%, down one point from last month. Fianna Fáil are unchanged on 22%, and Sinn Féin are up three to 18.
Fine Gael Remains The Country's Most Popular Party
The Red C poll for Paddy Power shows Fine Gael is the country's most popular political party. The opinion poll shows the party on 28%, down one point from last month. Fianna Fáil are unchanged on 22%, and Sinn Féin are up three to 18.
-
Ireland WeatherThis Evening and Tonight:It will be cloudy with a spell of heavy rain pushing south through late evening and the early hours, soon followed by some clear spells. Minimum temperature 6 °C.
