Patrick Kennedy, Paddy Power’s chief executive officer, has confirmed that the Irish bookmaker will not enter the new online gambling market in the US state of New Jersey straight away.
According to the Irish Independent newspaper, Kennedy told investors that the business-to-business market in New Jersey appeared to be “highly competitive” as the US state kicked off a trial launch of online gambling on Thursday (today) before a full launch next week.
Despite delaying its entry into New Jersey, Kennedy said that the bookmaker would continue to explore other opportunities in the US market.
Meanwhile, Isaac Ward, head of egaming at Paddy Power, is reported to have left the company.
According to Ward’s profile on the LinkedIn social networking website, he is currently on ‘gardening leave’.
Ward was appointed to the position in 2012 when he replaced Christopher Coyne, who had been promoted to head up the company’s website, Paddypower.com.