Power Casino website
Power is Ireland’s largest bookmaker. Offline
it conducts business through a chain of licensed betting
offices and by operating Ireland's largest telephone
betting service. Online it offers sports betting,
online poker, online bingo and online casino games.
Paddy Power was founded in 1988 by the merger of three
existing Irish high street bookmakers. The company
also markets its services in the UK and is a publicly
quoted company, listed on the Irish and UK stock exchanges.
Paddy Power's stated mission is to make ‘risk-based’
entertainment more accessible and fun. To this end,
Paddy Power has a reputation for funny and often controversial
At the end of 2005 Paddy Power operated 195 outlets
(150 in Ireland and 45 in the UK). The total number
of employees was 1,374. On 27th May 2008, Paddy Power
acquired Northern Ireland independent bookmaker McGranaghan
Racing bringing Paddy Power's shop count to 191 in
Paddy Power are sponsors of NUFC.com and Old Rutlishians
XVA and XVB rugby teams.
They are the sponsors of St. Patrick's Athletic.
They are the official betting partner of Chelsea FC.
Tongan rugby player Epi Taione, playing at the 2007
Rugby World Cup, changed his name by deed poll to
Paddy Power for the duration of the tournament in
response to the bookmaker's sponsorship of the Tongan
Paddy Power also sponsor Century FM radio network.
was launched in February 2005. The site allows players
to play a number of variations of the game including
Texas hold'em, Omaha High and Hi-Lo, 5 and 7 Card
Stud in a ring game or tournament structure.
The company sponsors the world's second longest running
No Limit Texas hold'em tournament, the Irish Poker
Open. The 2007 event was the second largest poker
tournament ever held in Europe with 708 players. paddypowerpoker.com
guaranteed a €3 Million prizepool for the 2008
Irish Poker Open, which was won by English poker pro
Neil Channing. In 2008, the company also sponsored
the Irish Winter Festival of Poker, which was held
in Dublin from October 24th-27th.
WSOP bracelet winner Ciaran O'Leary is paddypowerpoker.com's
brand ambassador and sponsored professional.
In March 2007 Paddy Power Poker became part of the
Power are renowned for their quirky novelty bets.
In 2002 and again in 2005 Paddy Power hit the headlines
for offering betting on who would replace Pope John
They are considered the market leaders in "Specials
betting" and are normally first out of the traps
with reality TV markets like Big Brother, The X Factor
and I'm a Celebrity... Get Me Out of Here!.
Paddy Power began taking bets on the existence of
God in September 2008, to coincide with the switching
on of the Large Hadron Collider (LHC). Initial odds
were offered at 20-1 that God exists, then changed
to 33-1 when the LHC was temporarily shut down due
to equipment failure, then changed to 4-1 in November
Paddy Power company has been criticised by animal
rights and animal welfare organizations for allowing
bets on Spanish bullfights. On their Spanish website,
the company invites bets on the number of bulls’
ears taken during specific bullfights.
In November 2008 the bookmaker was criticised by a
spokesperson for the American Embassy in Ireland for
offering odds on the assassination of US President-elect
Barack Obama. (Credit: Wikipedia)
odds Paddy has backed a winner, by Eli Greenblat -
4th June 2009
turned boardroom protagonist Mark Read could walk
away with $11.6 million stashed in his bag after Ireland's
biggest online betting and gaming provider, Paddy
Power, lobbed a 60¢-per-share takeover for International
All Sports via its local outfit, Sportsbet.
takeover, via a scheme of arrangement, looks almost
certain to succeed as Mr Read owns 19 per cent of
the publicly listed betting company and Paddy Power
is already sitting on 19.98 per cent through its 51
per cent stake in Sportsbet.
bid, launched late yesterday, values International
All Sports at about $40 million and will give the
Irish betting outfit a large stake in the market for
bets on a range of local and international sports.
this year gambling rival Centrebet launched and then
binned a 33¢-a-share bid for International All
Sports. It is considered unlikely Centrebet will re-enter
the competition for the business and lob a bid above
that of Paddy Power.
May Paddy Power, which operates more than 250 retail
licensed betting offices in Ireland and Britain, acquired
a 51 per cent stake in Sportsbet.
chairman Barry Coulter welcomed the takeover bid and
said it was unanimously recommended to shareholders
in the absence of a superior offer.
Read said he was proud that Paddy Power and Sportsbet
believed the company he founded in 1995 would be a
valuable addition to their existing business. If shareholders
approve the takeover it is likely to be completed
by October 8.
shares, in a trading halt since yesterday, last traded
IAS acquisition will make Sportsbet a leader in Australia's
corporate bookmaking field. The combined annual turnover
of the two companies exceeded $2 billion last year.