Paddy Power-Betfair has no immediate plans to replace outgoing chief operating officer Andy McCue — whose departure was announced yesterday — with his role set to be subsumed by chief executive Breon Corcoran for the foreseeable future.

New Paddy Power chief executive Andy McCue has seen his base annual salary jump by nearly 30%, to €700,000, since taking over from Patrick Kennedy, at the helm of the betting services company earlier this year.

A string of large bets has seen Bernard Byrne installed as the firm favourite to succeed David Duffy as chief executive of AIB.

Paddy Power has, as expected, promoted from within to succeed outgoing chief executive, Patrick Kennedy.

Paddy Power is anticipating double-digit percentage growth for full-year earnings, despite seeing profits fall by 20% in the first half of the year.

US investor Wilbur Ross has ruled out a future investment in AIB, although he is looking at other possible investments in Ireland.

Paddy Power has begun the search for a new chief executive after Patrick Kennedy announced his intention yesterday to stand down after virtually a decade in charge of the company.

Paddy Power has said that its "two worst weekends ever for football profitability" earlier this year cost it — in gross terms — €10m, and will unfavourably impact on year-on-year group first half financial results.

Total director pay at leading gaming and betting services company Paddy Power fell by nearly 2% last year, despite the firm seeing continued strong operational and financial progress.

Paddy Power expects its Italian operations to break even this year, despite seeing losses there increase by over 14% during 2013.

A controversial advert from Irish boookmaker Paddy Power has sparked fury for offering money back to punters if sprint champion Oscar Pistorius "walks" away from killing girlfriend Reeva Steenkamp.

A director of a Kerry bus firm was yesterday convicted in relation to an oil spill that was inadvertently a major factor in All-Ireland winners Clare’s first senior hurling win of the year over Cork.

THE last of JFK’s Irish cousins has recalled the devastating day news of his assassination reached the rural homestead where the Kennedy story began.

As parting shots go, Gary McDermott’s pitch onto the 18th green at Royal Tara was pretty special as the 2013 AIG All-Ireland Cups & Shields National Finals reached their climax in Meath on Saturday.

Two men are to appear in court in Dublin again on Friday charged with the possession of two handguns in the south inner city.

The country’s ongoing fascination with the Kennedys shows no signs of abating and this weekend, two more scions of the most famous of all Irish-American families are in Ireland for this year’s Kennedy Summer School.

Betting services giant Paddy Power hopes to make meaningful progress on plans to expand its online gaming business into the US by the end of the year.

The Taoiseach Enda Kenny has joined John F Kennedy's daughter in lighting the 'Emigrants' Flame' in New Ross, County Wexford this evening.

Dozens of descendants from the world’s most famous political dynasty gathered today at a farmhouse in Ireland to mark the day John F Kennedy came back to his ancestral home.

Caroline Kennedy was just 5 when her father kissed her goodbye and left the US for his visit to Ireland, but she has made that journey in her imagination many times since.

Without wanting to cast a shadow on the very worthy JFK visit commemoration, it’s worth remembering that barrel maker Patrick Kennedy’s voyage to the United States took place a mere 10 years after the holocaust of the Great Famine.

Over 160 years after Patrick Kennedy left Ireland to seek a new life across the Atlantic, his namesake and descendant was back in the ‘old country’ yesterday morning to launch one of the highlights of The Gathering schedule.

Technology specialists behind the London 2012 Olympic Torch have arrived in New Ross to work on the newly built Emigrant Flame, which will be lit by members of the Kennedy family and the Taoiseach this summer.

Paddy Power has reported record annual pre-tax profits of €139.2m for 2012, but has warned that exchange rate patterns could hit its operating profits by around €10m this year.

The Aidan Kennedy-trained Moonlight Boy lit up Saturday’s rescheduled Kildorrery point-to-point fixture, which took place on the Vaughan family farm at Rockmills, by destroying the opposition in the closing six-year-old geldings’ maiden.

The Hot Ticket: Derry

Taoiseach Enda Kenny is betting on wooing online bookmakers to Ireland by introducing a tax system which could bring an extra €20m into the Government’s finances.

Major bookmaker Paddy Power has announced a bold bid to employ 800 more people in high-expertise, Irish-based roles by 2015.

Baseless optimism is little more than wishful thinking but amidst a seemingly endless deluge of dispiriting economic data any good news is more than welcome.

Around 600 new jobs are being created at Paddy Power in Dublin.

Kilkenny showed the greater hunger to land the 31st Tony Forristal U14 hurling title when they defeated host county Waterford 1-12 to 1-5 in yesterday’s final at sun drenched Walsh Park.

Paddy Power is seeking to aggressively expand its presence in the lucrative online casino games market, saying the opportunities for success rival those already realised in its successful online sports betting business.

Cormac McCarthy, a central figure in Ireland’s banking bust, has ridden back into town as the second-in-command at Paddy Power Plc, one of the great Irish success stories of recent years, writes Kyran Fitzgerald

Net revenues at bookmaking and gaming giant Paddy Power are up 28% this year, with online and mobile usage driving growth.

Paddy Power is to enter the Italian market this summer, the latest element in its international expansion drive which continues to underpin the gaming group’s financial growth.

Joseph Kennedy III is to follow in the family tradition and contest the race for a Massachusetts congressional seat in the 4th District.

PADDY POWER has made its first foray into the north American market through the signing of a three-year supply deal with the British Columbia Lottery Corporation in Canada.

PADDY Power will grow its British online betting business faster than competitors in an expanding market, chief executive Patrick Kennedy has claimed.

BOOKMAKER Paddy Power yesterday reported a healthy pre-tax profit in the first half of 2011 of €56 million, an increase of 15% on last year.

A WOMAN sustained fatal injuries on her way home from work when she was struck by part of a tree which was sheered off in extreme winds, Dublin City Coroner’s Court heard yesterday.

CLEAR the decks, nail your colours to the mast and check the cut of your jib.

PADDY Power is committed to job creation in Ireland, despite the effect of the proposed tax on revenues from online operations potentially putting it at a disadvantage to some of its competitors.

THE board of directors at bookmaker Paddy Power received a combined total of just more than €6.82m in remuneration last year — almost €600,000 more than in 2009.