David Power, Co-founder of Paddy Power, Passes Away at 77

David Power, the co-founder of Irish sports betting provider Paddy Power, passed away on Monday at the age of 77 in Dublin’s Beacon Hospital. Until 2018, Power played a significant role in the rise of Flutter Entertainment, one of the world’s largest gambling companies.

Early Beginnings and Bold Ventures

In a tribute by The Irish Times, it is mentioned that David Power had betting in his blood, coming from a family involved in the industry since 1895. He took over after his father’s early death and, at 16, he entered the business. However, he initially aimed to be an accountant before fully committing at 23.

Rather than sticking to family business management, Power, along with Stewart Kenny and John Corcoran, founded Paddy Power in 1988, aiming to compete with major British firms in the Irish market.

The Rise to an International Giant

David Power focused on expanding the branch network, starting with 40 shops and rapidly growing. Embracing the internet’s potential early on, Paddy Power went public in 2000, becoming the first bookmaker with its app in 2010.

Paddy Power gained attention through sponsoring sports events and provocative TV commercials. The highlight came in 2016 when Paddy Power merged with Betfair to form Flutter Entertainment, now a leading iGaming company expanding globally.

About Flutter Entertainment

Flutter Entertainment, a publicly-traded gambling giant, formed in 2019 from the Paddy Power Betfair merger. Besides Paddy Power and Betfair, it includes brands like FanDuel and Pokerstars, with FanDuel being crucial for its success, particularly in dominating the US market.

Flutter Entertainment not only thrives financially but also engages in charitable activities, donating significant amounts in 2023.

The team at onlinecasinosnorway.com extends its condolences to the Power family and hopes that David Power may rest in peace.