Belfast Telegraph

Paddy Power creates 1,440 new jobs

Bookmaker Paddy Power has announced 1,440 new jobs as part of a major expansion in Ireland, the UK and Australia over the next three years.

The plans include an additional 500 jobs in Ireland in a move taking its workforce in the country to 2,200, while 810 additional posts will be created in the UK as the gaming firm steps up the growth of its retail estate.

The majority of the 500 new jobs in Ireland will be located at the company's Tallaght head office in west Dublin in areas such as e-commerce, technology, online marketing and risk management.

Chief executive Patrick Kennedy said the company's growth is good news for the Irish economy as its international expansion will also generate additional tax revenues for the exchequer.

He said: "The benefit to the economy of our international expansion extends beyond job creation. Paddy Power pays corporation tax in Ireland on all our internet and telephone profits from the 162 countries where we do business."

Strong international online growth has also enabled Paddy Power to offset the more challenging conditions facing its domestic business.

The group's retail, online and telephone channels serving Irish customers account for around a third of profits but have been hit by the deteriorating economic fortunes in the country.

The amount staked by Irish retail punters in the period between July 1 and November 15 fell 8% on a like-for-like basis compared with a 1% rise in the UK retail business, where it has an estimated 2% share of the market.

The group has an estate of around 115 UK shops, which it has already said it plans to extend to 150 by next year.

The jobs announcement will also see Paddy Power create 130 jobs in Australia, where it has built a strong online presence.

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