An investigation by the regulator revealed that two customers were allowed to gamble “significant sums” of stolen money on the company’s betting exchange, Betfair.
One of the customers was the former boss of Birmingham Dogs Home, Simon Price, who spent money with Betfair that he had stolen from the charity. He was jailed in December for five years for defrauding the charity of £900,000 over a four-year period.
Failings were also identified involving three online customers and in the betting firm’s shops, including weaknesses in its source of wealth and social responsibility checks
A counter at The Gin Palace, Middle Abbey Street, Dublin 1
Lord Wilmore writes;
Settle a bet. Are Paddy power allowed advertise in pubs like this?
Ryan Tubridy, of RTE Radio One, at Cheltenham this week
Aaron Rogan, of The Times Ireland edition, reports:
The Ryan Tubridy Show has defended its failure to tell listeners that yesterday’s broadcast, which featured an interview with Paddy Power, was sponsored by the bookmaker.
The RTÉ Radio 1 programme was broadcast live from Cheltenham at the expense of the gambling giant.
After the 9.30am news Tubridy interviewed Paddy Power but did not say that the company had paid for the production team to travel to and broadcast from the festival.
The company last week sponsored a competition on the programme for listeners to win a trip to the event.
Are you ‘that’ guy/girl?
Stop crying inwardly.
‘Talk like Paddy: Communicate – both in written and verbal form – in the brand tone. Whether that’s when you’re writing one of the PP columns, composing a press release quote attributable to Paddy Power, or off-the-cuff while appearing on television or radio.
…One minute you’ll be putting together a press release reacting to the latest breaking news, the next collaborating with our busy trading room floor to answer a media enquiry, and the third you’ll be supporting Mischief activities around the major calendar events…’
Paddy Power odds on the make up of the next government
Polliing is open.
But what are the bookies saying?
Shane Heneghan writes:
The bookies never lose as they say but the odds should be seen both as a reflection of what is likely to happen and where punters money is going.
There are many different books open ranging from betting on the turnout to the results in each of the 40 separate constituencies and, for the record, Laois is the favourite to be the first constituency to return a first count.
When it comes to government formation, the clear favourite remains the ara-sure-it’s-grand coalition of Fine Gael and Fianna Fail. This is not surprising as it is in step with what polls are saying.
It is interesting to note, however, that Betfair, Paddy Power and Ladbrokes have all recently shortened their odds on a Fine Gael minority administration indicating perhaps that a Tallaght strategy style arrangement where Fianna Fail supports a Fine Gael minority government (without taking seats at cabinet) is a strong possibility.
This makes sense in the light of both Civil War parties down playing the idea of a full blown coalition. How stable such a set-up would be is another matter.
Ladbrokes are saying a second election this year is incredibly likely at an unbackable 8/15.
In other news, for those watching out for the potential effect of the new gender quotas regime Paddy Power seems to predict that the number of female representation is likely to remain static quoting odds of 5/6 on it remaining at 19.5% or less.
It should be noted that in the last UK election the betting odds tended to follow the opinion polls, despite the traditionally perceived bias that they traditionally tend to have a bias towards the Conservatives.
Shane Heneghan is a Galway-based psephologist.
Gavin McAllister tweetz:
Once again Paddy Power on the ball! Nearly spat my coffee out!
This just in.
Kind of like celebrities reading mean tweets about themselves but different.
May contain colourful language.
A new Red C/Paddy Power poll for RTÉ Radio One’s Today with Seán O’Rourke show published this morning.
Today’s Paddy Power/Red C poll surveyed over 1,000 voters and was conducted between 4 February and 8 February, the first few days of the campaign.
The findings show: Fine Gael at 30%, down 1 compared to the last Red C on Sunday. Labour at 8% (-2), Fianna Fáil at 18% (+1), Sinn Féin on 17% (no change), Green Party 2% (no change) and Independents/ Others at 25% (+2).
Paddy Power truck outside Leinster House, Kildare Street, Dublin 2.