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William Hill Shutting Stores, Paddy Power Big Hiring Plans

Written by:
Aaron Goldstein
Published on:
Dec/17/2010
Paddy Power

Just as the United Kingdom’s second largest bookmaker, William Hill, plans to downsize a bit, the country’s third largest, Paddy Power, expects to begin hiring a few hundred people in the coming year.

Ireland’s largest betting firm said last month it will bring total employment in its Irish operations to 2,210 while, internationally, Paddy Power’s expansion will generate a total of 1,440 new jobs in Ireland, Australia and the UK.

The William Hill bookmaking chain, meanwhile, is set to close 20 of its underperforming shops, threatening the future of 85 jobs.

Staff in Dublin, Cork, Limerick, Tralee and Wexford have been informed and a two-month consultation process will begin in the new year, according to a company statement.

Another 51 shops, including some in Northern Ireland, are unaffected by the closures.

Gala Coral also announced plans to bolster its staff over the coming months. 

- Aaron Goldstein, Gambling911.com Contributed to This Report

Business/Financial News

Cryptocurrency Trader Charged With Fraudulent Scheme Involving Over $5 Million

AUDREY STRAUSS, the United States Attorney for the Southern District of New York, and William F. Sweeney Jr., the Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced today the unsealing of a Complaint in Manhattan federal court charging JEREMY SPENCE, a/k/a “Coin Signals,” a cryptocurrency trader who solicited funds for various cryptocurrency funds that he operated, with commodities fraud and wire fraud offenses.

Bitcoin Slumps 10% as Pullback From Record High Gathers Pace

Bitcoin Slumps 10% as Pullback From Record High Gathers Pace

Bitcoin slumped 10% on Thursday to a 10-day low, retreating further from record highs, with traders citing fears of tighter U.S. regulation.

Bitcoin Hits One-Week Low as Rising U.S. Yields Dent Rally

Bitcoin Hits One-Week Low as Rising U.S. Yields Dent Rally

Cryptocurrencies plunged on Monday, with bitcoin dropping more than 12% to a one-week low

Bitcoin Hits $38,000 for First Time, Pushing Cryptocurrency Market Value Past $1 Trillion

Bitcoin Hits $40,000 for First Time, Pushing Cryptocurrency Market Value Past $1 Trillion

Bitcoin smashed through $38,000 to hit a new record high on Thursday as the cryptocurrency’s massive rally continues, then the $39,000 mark just prior to 11 am ET, and by afternoon the price peaked at $40376.

PayPal Backs Crypto Tax Startup Taxbit

PayPal Backs Crypto Tax Startup Taxbit

PayPal Holdings Inc’s venture arm has made an investment in Salt Lake City, Utah-based tech startup Taxbit, which helps consumers and businesses calculate the taxes owed on cryptocurrency holdings, the companies said on Thursday.

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