SBC News Voice of the Sports Betting Industry
Paddy Power has informed Ireland’s Consumer & Competition Commission that it intends to purchase two more betting shops in North Dublin, adding to its existing Irish retail portfolio of +200 betting shops.
Paddy Power retail management confirmed to the commission that it was in the process of acquiring independent bookmaker ‘Track Sports’ properties’ in Donabate and Swords North Dublin. The independent bookmakers are owned by Balbriggan based businessman James Reilly.
Track Sports has currently 20 Irish betting stores, however local news sources report that the family run business is looking to sell a substantial part of its portfolio to corporate bookmakers.
Paddy Power’s acquisition of the North Dublin independent bookmakers will be subject to clearing Irish consumer and competition standards and policy. The commission will likely open competitor tenders for the two retail stores.
The expansion of Paddy Power in North Dublin comes a month after competitor Ladbrokes issued a corporate statement outlining that it would review its entire Irish retail betting division, due to the ongoing poor financial performance of the division.
