Irish betting operator Boylesports has acquired some betting shops from bankrupt rival Hacketts.
On Tuesday, Boylesports announced it had taken on four Hacketts shops in Tipperary, Kilkenny, Laois and Limerick counties. The shops, which will be rebranded under the Boylesports banner, bring the company’s total complement of Irish shops to 212.
Hacketts was placed in liquidation last month following a lengthy struggle to keep the business afloat. The company sold 15 shops to Paddy Power in 2013 and closed an additional 26 shops to cut costs but it wasn’t enough. Managing director John Hackett is said to be the company’s largest creditor due to his having loaned his own money to the company in a failed bid to keep the lights on.
Paddy Power agreed to honor all outstanding wagers that punters had placed with Hacketts, based in part on the two companies having maintained a good relationship. The outstanding sum is understood to be relatively small, so Paddy can presumably buy a lot of good will and acquire some of Hacketts’ former clientele at a reasonable price.