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Andy McCue Leaves COO Post at Paddy Electricity Betfair

Andy McCue Leaves COO Post at Paddy Electricity Betfair

Playing operator Paddy Power Betfair affirmed the departure of former Paddy Power CEO Andy McCue from his role of Chief Operating Officer at the newly merged gambling company today. Mr. McCue will step down from their post on 30 april.

The official signed up with Paddy electricity in 2006. He had been designated as Chief Executive associated with the gambling that is major in January 2015, succeeding a long-time President Patrick Kennedy.

It had been right after their consultation when Paddy energy established it regarded the right to mix its operations with other gambling company Betfair. The £6-billion deal was confirmed in the summer of 2015 and is shut early in the day in 2010. Thus, one of the planet’s gambling operators that are biggest was developed. Located in Dublin, the lately joined organization is expected to annually build £1.1 billion in sales and £50 million in pre-tax cost savings. Previous Betfair CEO Breon Corcoran got the reigns in the group that is enlarged after the merger had been completed.

Many found Mr. McCue’s deviation from Paddy electricity Betfair a fairly astonishing action as it had been considered that the official may ultimately do well Mr. Corcoran as contribute on the recently combined gaming team.

On the current statement, Paddy electricity Betfair’s CEO said that Mr. McCue keeps starred an exceptionally essential role inside the materialization in the merger arrange as well as its winning end. Continue Reading →