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Paddy Power Considers Land Casino

7 September 2006

IRELAND – As reported by the Irish Examiner: "Paddy Power is considering opening a casino in Ireland if the Government opts to regulate the gaming industry.

"Justice Minister Michael McDowell has set up a working group to consider whether to legalise and regulate casinos, which are currently outlawed. The ban has not prevented nearly two dozen private members' clubs springing up in recent years.

"Paddy Power chief executive Mr Patrick Kennedy said yesterday that the company was interested in acquiring a casino licence.

"…Paddy Power said the increase in profits was achieved by the strong growth from its internet business, which offset sluggish earnings from its core betting shops…"

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