Tag Archives: patrick kennedy

 Last week’s 20% surge in Paddy Power shares has created a total of 207 ‘paper millionaires’. Prior to the UK August Bank Holiday weekend Paddy Power shares traded at €96. The Irish Independent newspaper reported the shareholder figures following a review of Paddy Power Plc register, detailing that 207 accounts held 10,000 + shares which following last week trading gains …

Following a five month consultation period under outgoing CEO Patrick Kennedy, Irish bookmaker Paddy Power has announced that Chief Executive Designate Andy McCue has formally taken up its lead governance role as of Friday 2 of January. Paddy Power officially announced that McCue would replace Kennedy in September 2014. Patrick Kennedy steps down following eight years services as CEO of …

The 10th annual eGaming Review operator awards took place at the Roundhouse in London on Monday evening. William Hill enjoyed a very successful night as the bookmakers took home no less than four awards. This ensured theirs was the strongest performance of the night, though they were closely followed by Sky Betting & Gaming, who won the Mobile Operator, Mobile …

Paddy Power plc has announced the appointment of Andy McCue as Chief Executive Designate, and a director of Paddy Power plc, with immediate effect. McCue will succeed the current Chief Executive, Patrick Kennedy, on January 1st 2015. Patrick announced his intention to step down as Chief Executive at the AGM in May. Andy McCue has been with Paddy Power for …

Paddy Power’s operating profit fell by 14% to €60.1 millon (£47.83 million) during the first half of the 2014, the betting and gaming operator stated that it had been hit a run of unfavourable results. The operator stated that despite a poor first half to 2014, it expected a stonger second performance, despite an €11m headwind from product fees, new …

Paddy Power Chief Executive Officer Patrick Kennedy  is set to step down from his role in April 2015. Kennedy will have served Paddy Power as CEO for nine years, having been appointed to the position in January 2006. Commenting on his planned departure, Kennedy noted that ‘change is good, both for the company and the individual’. Kennedy further commented “ …

Paddy Power chief executive Patrick Kennedy has hailed another ‘good year’ for the bookmaker, which has marked growth in every division, particularly online which now delivers over three quarters of the group’s profits. The firm has reported a 17.5% upturn in revenues to €745m (£613m) for 2013, and record profit before tax of €141m (£116m), up 5% on 2012, despite …