Paddy Power has notified Competition and Consumer Protection Commission (CCPC) with its intention to acquire two more betting shops in North Dublin, adding to its existing +200 betting shops in Ireland.
Paddy Power retail management confirmed that it was in the process of acquiring Donabate and Swords outlets of The Track bookmakers. The Track is owned by Balbriggan-based businessman James Reilly, who also owns Harvest Inn.
Its parent company, Track Sports, has about 20 shops in Ireland. According to its set of accounts filed for June 2013, the company has a €260,000 worth of debt on its balance sheet.
The buyout of the two North Dublin stores is the subject of a preliminary investigation at the CCPC and submissions from other interested parties are due by the end of the month.