Thursday, 11 October 2012

TAOISEACH ENDA KENNY OFFICIALLY OPENS NEW HEADQUARTERS






TAOISEACH ANNOUNCES THE CREATION OF 800 NEW JOBS AT PADDY POWER IN DUBLIN TO SUPPORT INTERNATIONAL EXPANSION

ENDA KENNY OFFICIALLY OPENS NEW HEADQUARTERS

An Taoiseach, Enda Kenny TD, today (Thursday, October 11th 2012) announced the creation of 800 new jobs at the official opening of Paddy Power’s headquarters, Power Tower, in Clonskeagh, Dublin. The 800 jobs are in areas such as e-commerce, technology, social media, quantitative research, risk management and online marketing and will support Paddy Power’s international online expansion. All 800 new jobs will be filled by the end of 2015.

This will bring the total employment by Paddy Power in Ireland to 2,783.

Announcing the jobs, An Taoiseach said: “This welcome announcement of 800 new high skilled jobs by Paddy Power highlights the strides Irish companies are taking in e-commerce and technology. Through our Action Plan for Jobs, we are supporting the transition from the old unsustainable economic model to a new, dynamic economy based on enterprise, exports and innovation.

“Paddy Power’s announcement shows how Irish companies can embrace change and respond to new opportunities. I commend the Company on its commitment to Ireland and in particular its commitment to retaining and developing Irish graduates.”

Patrick Kennedy, Chief Executive of Paddy Power said: “ We are hiring at an increased rate and investing heavily in e-commerce  to capitalise on structural market growth and emerging opportunities around the globe as more and more countries licence online betting and gaming.

“We are a business born and bred in Ireland and we take pride in continuing to create high quality jobs with the associated economic multiplier effect in this country, particularly given the current economic challenges. We welcome the Government’s introduction of a licencing regime and commitment to a robust regulatory framework which will sustain and attract investment.”

Strong international online growth in recent years has resulted in four fifths of the Group’s operating profit being generated online last year. Paddy Power is the number one mobile online bookmaker in the UK and Ireland and the number one online corporate bookmaker in Australia.

In May of this year, the Group launched in the Italian online market, resourced out of Rome and Dublin. In July, the Group successfully secured a Preliminary Finding of Suitability from the Nevada Gaming Commission and has located resources in the US to prepare for the opening of the online market there.

Paddy Power has established partnerships with PMU, the second largest betting organisation in the world, in France and with the British Colombia Lottery Corporation in Canada. It also has an international games technology operation in Bulgaria.

Of the 800 jobs announced today, 189 have been filled since the beginning of April, an average of 30 new jobs per month. 100 positions are currently open in a variety of areas. Details of these positions are on www.workwithpaddy.com