Tag Archives: ireland

Ladbrokes Irish retail business restructure has come under fire, following complaints of ‘derisory’ compensation for landlords of closed retail premises. A group of Irish landlords is set to join forces and challenge Ladbrokes retail closure terms, claiming that the operator should pay a higher fee for terminating its lease agreements. Following last month’s review of its loss making Irish retail …

Mobile gambling platform and content developer Nektan has confirmed that it has reached an agreement with Irish broadcaster TV3 Group to create and operator a white-label mobile casino product under the domain 3games.ie Utilising its new Evolve mobile gaming platform, Nektan will provide the digital gambling services and provisions to TV3 Group, the Irish broadcaster is will promote its new …

Garry Knowles is to leave Webis Holdings after 10 years at the Isle of Man firm. The group, which until recently operated Betinternet.com, announced his departure yesterday, with almost immediate effect. In an announcement to investors, it said: “The board of Webis announce that by mutual agreement, Garry Knowles will step down as Group Managing Director and terminate his employment …

Paddy Power marketing has again caused controversy and split public opinion with the release of its latest multi-content marketing campaign on the Irish referendum on marriage equality. The bookmaker has launched a cross channel campaign via billboard, press and online verticals which depicts two balaclava dressed men embracing following their marriage. The bookmaker has attached the IRA Slogan ‘Tiocfaidh Ár …

With the Irish Bank Resolution Corporation’s (IBRC) sale of utilities operator Siteserv to the Denis O’Brien-controlled company Millington currently sending the Irish government into turmoil. Irish independent sports betting operator BoyleSports has  reported a surge of support for there to be a general election before the end of 2015. Initially priced at 10/1, the Irish election call is now 6/1 that there …

The future of Ladbrokes‘ Irish retail business has been thrown into doubt after the firm was granted court protection to restructure its business following losses of 5m euro (£3.6m) last year. The bookmaker announced to the stock market that the “Directors of Irish trading subsidiaries, Ladbroke (Ireland) Limited, Ladbroke Leisure (Ireland) Limited and Dara Properties Limited (“Ladbrokes Ireland”) have successfully …

Following numerous delays since its first draft in 2011, the Irish government approved the passing of the nation’s Gambling Act 2015. The new act is set to introduce new amendments and regulations on online gambling services and will further set new taxations on remote gambling services offered to Ireland’s consumers. The new taxations will see iGaming services (online casino, games …

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 …

Ireland’s Finance Minister Michael Noonan reported on Thursday that the country’s stalled online gambling tax bill has been sent to President Michael Higgins to sign into law. The Irish Betting (Amendment) Bill, will clear the way for Ireland to impose tax charges on several online betting operators targeting Irish consumers. The betting charges will see a 1% tax imposed on …

Reporting on its full year 2014 performance (preliminary results) Paddy Power recorded corporate net revenues of €882 million (FY 2013 – €746 million), as the operator was able to announce record net profits of €167 million up 18% on FY 2013 €141 million. Paddy Power governance has been able to announce a €8 cash return per share to investors from …