July 10, 2024, Co-founder of Paddy Power David Power dies at age 77. Power, who played a major role in transforming a small Irish betting operation into a global giant, died peacefully at Beacon Hospital in Dublin on Monday. Gambling giant Flutter Entertainment, which owns the Paddy Power brand, also expressed its condolences.
David takes the company to new heights
The Power family's involvement in the gambling business can be traced back a century. David's grandfather, Richard Power, first worked in a draper's shop in Tramore in 1896, where he occasionally placed bets at illegal bookies for his employer. This experience led Richard to start taking bets at Tramore Racecourse, marking the beginning of the family bookmaking business.
David Power began his journey in the gambling industry in 1988 , when he, Stewart Kenny and John Corcoran merged their Irish betting chains to create the Paddy Power brand. Starting with just 40 stores, the trio laid the foundation for what would become the world's leading bookmaker, now worth billions of euros.
Paddy Power's bold advertising campaigns have often caused controversy and have gained international recognition. played an important role in its popularity. The founders, including Power, saw their fortunes grow significantly as the company's online business boomed and it merged with Betfair. In recent years, David Power's stake in the company has risen to about 400 million euros ($433 million).
He left a valuable legacy
David Power leaves behind his wife Sabena and their four children A child. He has two daughters, Tessa, an artist, and Shani, a trained lawyer who now works as a treasurer in Scotland. David's sons Paddy and Willie followed in their father's footsteps and contributed to the company's success in advertising and live betting.
Under the umbrella of Flutter Entertainment, Paddy Power has grown into a global The leader in online gambling. Reflecting on Power's legacy, Flutter acknowledged his valuable insights and unwavering support of the business. The company noted that even after leaving the company in 2013, David Power remained deeply invested in the company's strategy.
"David is very proud of his brave Irish enterprise for Flutter Paving the way to becoming the global leader in online sports betting and iGaming today."
The Flutter team, together with past and present colleagues from Paddy Power, Condolences to the Power family and recognition of David's significant contribution to the industry. His legacy has cemented his status as one of the most influential figures in sports betting and his name will live on through his heirs and work. May he rest in peace.
