Tag: Patrick Kennedy
Paddy Power CEO to Step Down Amidst Two Worst Weekends Ever in Football
May 14, 2014
Gambling 911 – Paddy Power, the United Kingdom’s third largest bookmaker, suffered two of its worst weekends in football on record this year. The company’s stock has dropped 4% and CEO Patrick Kennedy has announced his departure in 2015. Kennedy has been CEO of Paddy Power since 2006 with the betting firm enjoying huge success throughout much of his tenure. Paddy Power, to its credit, has enjoyed a strong growth in sales during the first four months of this year. But two weekends in particular – January 11-13th and March 22nd-23rd of this year- managed to cause significant enough damage…