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Taking the Fall

The Irish horseracing industry is faltering the operators of Ireland’s race tracks are quick to point the bulk of the blame squarely on the shoulders of the online casino betting and gambling industry. The internet gambling industry is an huge boom phase right now all over the world and land gambling industries are quick to point to this trend as the reason for slagging profits. The global horseracing industry in particular has really had a tough time staying afloat – and this is a trend all over the world. For Irish horse racing tracks, they are pointing their fingers squarely at Paddy Power, one of the strongest Irish online betting operators in the market. The track owners claim that Paddy Power has openly shown disdain for the Irish horse racing industry – a fact that is only contributing to the diminishing financial viability of the industry in Ireland.

The current CEO of Paddy Power, Patrick Kennedy, has a few words to say about the whole situation – and he’s not playing the situation defensive, but much more matter of fact about just what needs to happen. Paddy Power is a highly prominent international online casino betting group, and the company refuses to take the bulk of the blame for Ireland’s failing horse racing industry – nor will he openly accept claims and movements to enact new legislation that would make Irish licensed and operating online casino betting companies financial responsible for supporting the Irish horse racing industry.

Kennedy was quick to point out that there are inherent troubles in Ireland’s horse racing industry in particular – not the breeding end of the equation, but the actual tracks and racing industry are failing and he puts the bulk of that failure off of the shoulders of the online casinos and internet betting sites, and right back onto the tracks. The economy has changed, gamblers have evolved and now prefer mobile and internet betting opportunities and the racetracks have failed to adapt and fully follow this trend – something that is not the fault of the gaming companies and not something they should have to finance.