Bookmaker Paddy Power has acquired Belfast betting chain McGranaghan Racing in a deal valued at £19 million (€23.8 million).
Under the terms of the deal, which marks the firm’s entry into the betting market in the North, it will take over eight McGranaghan outlets in and around Belfast city. Established in 1952,McGranaghan Racing employs 50 staff, all of whom will be retained by Paddy Power.
Three of the chain’s eight outlets are located in...
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