BOOKIE BUST UP

26 October 2007

Paddy Power reverses out of IBA


According to an ATE news report, the major land and online Irish betting group Paddy Power has departed the Irish Bookmakers Association due to what the IBA calls "irreconcilable differences."

Sharon Byrne, Chair of the IBA, expressed regret at the Paddy Power decision and said differences on key objectives contained in the IBA's budget submission – including funding for the horse racing industry, repatriation and measures needed to bolster the future of smaller bookmakers – had caused the split.

The IBA membership comprises nearly three quarters of the betting shops in Ireland.

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