Bookies’ collapse a safe bet

An oversupply of bookmakers in Ireland, combined with plummeting custom, have been disastrous for the sector, with many outlets facing oblivion this year

8th January, 2011
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It’s one bet that none of Ireland’s bookies is offering any odds on - which of them will be next to close its doors.

When Celtic Bookmakers, the business built up over 23 years by former Fine Gael minister Ivan Yates, went into receivership last week, it came as no surprise to many in the industry. It was well known that Celtic had borrowed to fund a boom-time expansion - and...

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