Bookie acquires Cashmans outlets

BOOKMAKER Ladbrokes yesterday acquired five of the 11 Cashman betting shops in Cork city and county in a deal believed to be worth close to €1.4 million.

The Cork bookmaker has come under increasing pressure in recent years, notably from Ladbrokes and Paddy Powers.

Ladbrokes spokeswoman Hayley O’Connor said: “It is the right deal at the right time. It is a good strategic fit for our estate as we are already well represented in Cork. We also plan to invest €750,000-plus in refurbishing and upgrading all the units.”