Paddy Power Pays Out on Greece Voting ‘Yes’ Four Days Early
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Paddy Power Plc “paid out five figures” in winnings to gamblers who bet that Greece will back a July 5 austerity referendum that may preserve the nation’s future as part of the euro region.
“Despite some polls suggesting it’s neck and neck, over the last few days we’ve seen enough to be convinced,” Paddy Power, Ireland’s largest bookmaker, said in an e-mail in Dublin on Wednesday. “In a race with two potential outcomes, we’ve seen over 85 percent of money go one way and that’s massive.”