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Paddy Power was founded in 1988 by a merger of the forty shops of three Irish bookmakers: Stewart Kenny, David Power, and John Corcoran. [1] Stewart Kenny and Vincent O'Reilly had sold Kenny O'Reilly Bookmakers to Coral in 1986, and then opened ten shops of their own by 1988; Kenny was group CEO from 1988 to 2002, and chairman from 2002 to 2003 ...
The business is owned 52% by the former Paddy Power shareholders and 48% by the former Betfair shareholders. [8] The merger was completed on 2 February 2016. [9] On 5 April 2016, it was announced that 650 jobs in the United Kingdom and Ireland would be lost at the company. [10]
In September 2015 he then led the merger of Betfair with his former employer Paddy Power, for which the Sunday Times named him its 2015 Businessperson of the Year. [4] In June 2015, Corcoran was appointed as a non-executive director of Tilney Group. [5] In 2016, he sold part of his share package in Betfair for an estimated £4.1 million. [6]
David Henry Power (16 January 1947 – 8 July 2024) was an Irish bookmaker. Power's grandfather started bookmaking in Tramore , County Waterford in 1896, having earlier worked as a draper. [ 1 ] The business passed to his son, Paddy, who died suddenly in 1963, leaving it to his son David.
He subsequently joined Paddy Power plc as a non-executive director in 2004, and was their chief executive from 2006 to 2014. [5] He also served as a non-executive director of Elan Corporation plc. Patrick Kennedy joined Bank of Ireland in 2010 as a non-executive director, and became the deputy governor of the bank in 2015. He also chaired its ...
Peter Jackson (British businessman) (born 1975), British businessman, CEO of Paddy Power Betfair; Peter Jackson (Australian businessman) (born 1953), Australian businessman, former CEO of the Essendon and Melbourne football clubs; Pete Jackson, British screenwriter of the TV series Somewhere Boy (2022) and The Death of Bunny Munro (2025)
In May 2018, Ireland-based bookmaker Paddy Power Betfair (now Flutter Entertainment) announced its intent to acquire FanDuel. Paddy Power Betfair planned to contribute $158 million and merge its existing assets in the United States (which also include the horse racing oriented cable networks TVG Network and TVG2) into FanDuel; Paddy Power Betfair holds a 61% controlling stake, with the option ...
The Liberthine Mares' Chase, currently run as the Mrs Paddy Power Mares' Chase, is a Grade 2 National Hunt chase in Great Britain which is open to mares aged five years or older. It is run on the New Course at Cheltenham over a distance of about 2 miles and 4½ furlongs (2 miles 4 furlongs and 127 yards, or 4,139 metres), and during its running ...