Irish bookmaker Paddy Power saw its share value drop sharply yesterday in reaction to figures release by Horse Racing Ireland that showed that there was a decline in the horseracing industry has decreased for the first time in fifteen years. Paddy Power’s shares fell from 7.8pc to €11.90 and have shrunk further €11.28 by lunchtime today, increasing [...]

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As the world gets ready to welcome the next American president, UK based punters have staked a record £10 million worth of bets on the two horse race, almost four times as much that was bet on the 2004 elections. Obama is currently beating John McCain in the opinion polls by seven points, beating McCain [...]

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Paddy Power has reduced the odds for the US Presidential Election to be postponed from 66/1 to 40/1 due to the current economic crisis that is gripping the States. With just over €1000 being placed on the November election being moved until 2009 Paddy Power spokesperson Sharon McHugh said: “It would be astonishing if the [...]

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Following the defeat at home to Premiership newcomers Hull City, several bookmakers have given odds of as low as 5/1 for Tottenham Hotspur to be relegated to the Coca Cola Championship.   Spurs are now languishing at the bottom of the Premiership taking just two points out of a possible twenty one making it their worst [...]

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The Paddy Power betting group showed excellent half year results for the six months ended 30 June the company reported an operating profit growth of 108pc to €40.8m and was very pleased with its Cheltenham Festival betting in shops due to the new epos system, even though there were some online problems on one of [...]

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