Jenningsbet's Knight confronts Paddy's Corcoran over FOBTs comments
Jenningsbet employs 480 and currently operates hundreds of betting shops around the UK.
In response to Corcoran, Managing Director Knight wrote a letter to Tracey Crouch and Culture Secretary Karen Bradley targeting what he called a "blatant commercial consideration" by Paddy Power Betfair's boss. He went on to accuse the company of seeking to “capitalize on the demise of the independent sector inthe UK by takeover and market consolidation.”
"It would also benefit from the migration online of retail customers," Knight affirmed citing a Paddy Power Betfair presentation to investors where the bookmaker highlighted “significant opportunities in the market" to acquire betting shops.
"Mr Corcoran is well aware that even well-run businesses like ours would not be able to survive a drastic cut to stakes. He's using the Triennial Review as a vehicle to deliver a long-term strategy of market domination.
"The independent sector employs 4,000 of the 40,000 people employed in betting shops. PPB is cynically attempting to use the British government for its own ends. Mr Corcoran is playing with people's livelihoods and I urge your department to recognize and acknowledge that."
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