Thursday 19 October 2017

Paddy Power buys nine Hacketts bookie outlets

Paddy Power hails Euro 2012 boost...File photo dated 17/11/2005 of the front of a Paddy Power bookmakers in Dublin as the bookmaker's advertising antics during this summer's Euro 2012 football tournament were today rewarded with a 21% hike in half-year profits. PRESS ASSOCIATION Photo. Issue date: Wednesday August 29, 2012. The bookie took 78 million euros (£61.9 million) in bets on Euro 2012 alone, helped by PR stunts such as its 100ft high statue modelled on Rio de Janeiro's Christ the Redeemer with England manager Roy Hodgson's face. See PA story CITY PaddyPower. Photo credit should read: Julien Behal/PA Wire...A
Paddy Power hails Euro 2012 boost...File photo dated 17/11/2005 of the front of a Paddy Power bookmakers in Dublin as the bookmaker's advertising antics during this summer's Euro 2012 football tournament were today rewarded with a 21% hike in half-year profits. PRESS ASSOCIATION Photo. Issue date: Wednesday August 29, 2012. The bookie took 78 million euros (£61.9 million) in bets on Euro 2012 alone, helped by PR stunts such as its 100ft high statue modelled on Rio de Janeiro's Christ the Redeemer with England manager Roy Hodgson's face. See PA story CITY PaddyPower. Photo credit should read: Julien Behal/PA Wire...A
John Mulligan

John Mulligan

GAMBLING group Paddy Power has increased its presence in Ireland after buying nine bookies from Hacketts.

The acquisition expands the number of outlets Paddy Power has in the Republic of Ireland to 232.

The shops bought by Paddy Power are located in Limerick, Dublin, Clonmel, Templemore and Tullamore.

They will all be rebranded under the Paddy Power name. The deal to buy the outlets is expected to close early in the new year.

Hacketts bills itself as Ireland's largest independent bookmaker and prior to the sale of the nine stores had over 50 outlets around Ireland.

The company behind Hacketts, Davisdorf, is unlimited and so does not have to file publicly available accounts with the Companies Office.

The directors of Davisdorf are Cyril Hackett and his wife Monica.

Its shareholders are two Isle of Man-based firms. Mr Hackett established the bookies chain in 1965.

In November, Boylesports said it had bought Tom Flood Bookmakers, acquiring seven outlets in the Dublin region. It will invest €3m in the shops. The acquisition brought to 192 the number of shops in the Boylesports portfolio.

Headquartered in Dundalk, Boylesports opened an office in London during the summer which will recruit staff to support the company's expansion of its digital operations.

Irish Independent

Also in Business