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Paddy Power to create 250 new jobs

Bookmaker Paddy Power has announced it will create up to 250 new jobs at its Tallaght headquarters in west Dublin in the next three-and-a-half years. By Pat Holland - 12/11/09

Paddy Power, which currently employs 640 people in Dublin, is recruiting as part of a strategy of international expansion towards the online sports betting market.

The company will recruit 50 people with skills in technology and risk management by next summer, with the rest generated over three following years.

Paddy Power announced this morning that it is lending its bet pricing and risk expertise to the French state controlled horse racing betting system, called PMU, for a five-year period from 2010.

PMU is Europe's largest betting organisation, and netted €9.3 billion of sales in 2008 generated through 10,000 retail outlets. This morning PMU announced it plans to become an online player for sports betting.

This is good news from Paddy Power, making the company a significant exporter of services from its Tallaght base.

Paddy Power is already the biggest online bookmaker in the UK. Chief executive Patrick Kennedy said Paddy Power was looking for more opportunities abroad.