Paddy Power enters Canadian market

RNS Number : 9197T

Paddy Power plc

14 December 2011

 



Paddy Power enters Canadian market through partnership with

British Columbia Lottery Corporation

Paddy Power plc ("Paddy Power") has today signed a three year agreement with British Columbia Lottery Corporation ("BCLC"), the provincial lottery operator in British Columbia, Canada, to supply product, pricing and risk management services to its online sports betting business from the summer of 2012.

BCLC is the only operator permitted under Canadian law to offer sports betting in British Columbia and, in order to obtain the contract, Paddy Power successfully gained approval from the Gaming Policy and Enforcement Branch of British Columbia to provide a variety of gaming services. 

Commenting on the news, Paddy Power Chief Executive, Patrick Kennedy, said:
"We are delighted to be partnering with BCLC. They are our first lottery partner, and this is our first transaction in North America, a geography which will be of increasing strategic importance to us in the future. Today's announcement is a further endorsement of our product and partnership capabilities. As the global online market continues to regulate, these qualities continue to position us strongly for future international expansion."

Rhonda Garvey, Vice-President eGaming, BCLC, said "We are very excited about our partnership with Paddy Power and the opportunities it will bring to PlayNow.com. Paddy Power's proven expertise and product integration with the PlayNow.com/OpenBet system is essential to providing our players with an unparalleled online sports betting experience."

Issued on behalf of Paddy Power plc by Drury.  For reference:

Patrick Kennedy	Jack Massey
Chief Executive	Finance Director
Paddy Power plc	Paddy Power plc
Tel: + 353 1 404 5912	Tel: + 353 1 404 5912
Billy Murphy / Anne-Marie Curran	Jon Earl / Rob Greening
Drury	Powerscourt Group
Tel: + 353 1 260 5000	Tel: + 44 20 7250 1446
Mobile: [phone] (AMC)	Mobile: + 44 7809 698 259 (RG)

 

END

 

 

AGREAAADFSEFFAF