Saturday 23 September 2017

Kim Bielenberg: Paddy Powers ahead – but at what cost?


Stewart Kenny, one of the brains behind Paddy Power, has been known to remark: "You’re never going to make money out of gambling.’’

That may be true of the ordinary mug who queues down at his local betting shop to place €20 on the 2.30 at Kilbeggan; or the desperado tapping away relentlessly at his laptop while he plays a poker game.

But the shrewd men who set up Paddy Power have shown that there are fortunes to be made from gambling.

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