Paddy Power bets on Cork with purchase of outlets

Paddy Power is betting on success in Cork after spending just short of €1m on five outlets from betting chain Jameson Racing.

Four of the outlets are located in Cork — in Blackpool, Popham’s Avenue, Ballintemple and Ballincollig. The fifth is located in north Dublin.

Paddy Power bought the shops looking to even the odds with its main competitor, Ladbrokes, which had a larger presence in Cork. Industry sources suggest between €900,000 and €1m was paid for the businesses.