Tag Archives: Stewart Kenny

Former Paddy Power Directors call for regulatory changes as Ireland legislates

SBC News Former Paddy Power Directors call for regulatory changes as Ireland legislates

Former Paddy Power Chief Executive Stewart Kenny and Chairman Fintan Drury have called for changes to oversight of the betting and gaming industry in Ireland, as the country moves forward with legislation to introduce an industry regulator. As reported by The Times, the duo – along with Ian Armitage, the former director of the now Flutter Entertainment-owned bookmaker’s first financial …

Read More »

Irish President addresses ‘serious questions’ on gambling advertising

SBC News Irish President addresses ‘serious questions’ on gambling advertising

President of Ireland Michael D Higgins has issued a statement regarding sports betting advertising, arguing that there are ‘serious questions’ to be addressed surrounding the issue, as his country embarks on a regulatory overhaul of the sector. The statement follows Higgins’ appearance at a 34-unit gambling rehabilitation centre in Wicklow operated by the Tiglin charity earlier this month, where he …

Read More »

Former Paddy Power CEO Kenny labels mobile betting a ‘massive social problem’

SBC News Former Paddy Power CEO Kenny labels mobile betting a ‘massive social problem’

In a recent interview with RTE’s Prime Time program, Stewart Kenny, one of the co-founders of international bookmaker Paddy Power, labelled gambling a ‘massive social problem’ due to increased mobilisation and regulatory shortcomings. Kenny helped establish Paddy Power in 1988, having been a long-time fan of gambling as a pastime since placing a bet on Richard Nixon’s resignation in 1974, …

Read More »

Former Paddy Power CEO Stewart Kenny holds stance against FOBTs

SBC News Former Paddy Power CEO Stewart Kenny holds stance against FOBTs

The Times has reported that former Paddy Power co-founder and CEO Stewart Kenny has secretly lobbied against fixed-odds betting terminals (FOBTs), stating that the machines were exploitative of problem gamblers and the vulnerable. The newspaper has revealed that in a 2009 consultation, Kenny urged the Irish government not to follow the UK’s lead by banning FOBTs from Irish betting shops. …

Read More »

Paddy Power Co-founder Stewart Kenny steps down from Paddy Power Betfair board

SBC News Paddy Power Co-founder Stewart Kenny steps down from Paddy Power Betfair board

Further to today’s H1 2016 results, Paddy Power Betfair (PPB) governance has confirmed that Paddy Power Co-founder and former Chief Executive Stewart Kenny will be stepping down from the FTSE100-listed firm’s board. Kenny resigns as a PPB non-executive director following 28 years’ service with Paddy Power, serving as the company’s first CEO, in what would become one of  Ireland’s biggest business success …

Read More »

Paddy Power share price surge creates 207 millionaires

SBC News Paddy Power share price surge creates 207 millionaires

 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 …

Read More »