Paddy Power shares drop 2.5% after US ban

BOOKMAKER Paddy Power’s share price slumped as much as 2.5% during trading after the US legislators banned Internet gaming.

At close of the ISE yesterday, shares stood at €14.55 falling from the morning’s opening price of €14.80.

Head of communications at Paddy Power played down the effect this had on business for the company as they do not have any US residents as customers.