BUSINESS

Paddy reshuffles deck after key departure; JAXX SE reports impressive revenues; IGT implements UK first

TAGs: Breon Corcoran, Gala, IGT, international game technology, jaxx SE, Paddy Power

paddy powerPaddy Power has confirmed the departure of Breon Corcoran to Betfair and at the same time announced the appointed reshuffle of senior members of staff. There wasn’t a dry eye in the house when Corcoran was rumored to be leaving and with it confirmed that hysterical crying would have been present for some time. Thankfully, the reshuffle and new appointment should stem the upset.

Peter O’Donovan (Managing Director, Online and Technology), Sandra Thorpe (HR Director, Online and Corporate), Christopher Coyne (Head of Paddypower.com), Eamonn Toland (President, Paddy Power North America) and Aine Cuddihy (Head of Investor Relations). All apart from Thorpe have been at the company for some time, O’Donovan joining way back in 2002. Thorpe has a distinguished HR background having worked at Microsoft in the past.

Corcoran takes up his position at Betfair next August, and chief executive Patrick Kennedy said: “Breon has made a strong contribution to the development of Paddy Power over the past 10 years and we thank him for this. We wish him success in the future”.

Kiel-based JAXX SE increased its net gaming revenue by 31.4% compared with the same period last year. The firm, which continues to wait excitedly for German gambling regulations to be resolved, saw NGR increase to €13.5m with increases in all sectors to thanks. Sports betting was up 27.9% to €5.9m with casino and poker (15.6%) and lotteries (35.2%) also seeing increases. Figures for the first nine months of the year were also released with NGR up 16.3% to €40.1m. The company is currently working on plans to move into the Italian market and then when the Spanish market opens, it will also be present there.

International Game Technology has installed sbX technology in the UK for the first time. The casino management solution will further enhance Gala Leo’s Casino in Liverpool and mean that they can bring a unique experience to the casino floor. Leo’s is also now able to offer the Sex in the City Multi-Level Progressive to anyone that visits the venue and it’s likely to mean a different demographic being attracted to the venue.

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