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Paddy Power to Close 21 “Underperforming” Outlets in Ireland
Irish gambling group Flutter is to close 21 underperforming Paddy Power outlets in Ireland. It will impact 78 staff and while they’ll be offered redeployment, the company conceded that there will be some redundancies. The closures will leave Flutter with 230 Paddy Power outlets across the country.
“The majority of the 78 colleagues employed across the affected shops will be offered redeployment opportunities across the remaining estate and in close proximity to their existing employment,” according to a statement from Flutter.
“However, the closures will unfortunately lead to a small number of job losses. We are consulting closely with colleagues and providing support to those affected by these changes,” it added.
At the end of June, Flutter had a total of 607 Paddy Power stores, with 356 of those in the UK and the remainder in Ireland.
Revenue at its UK and Ireland retail division jumped 11pc in the first six months of this year. That included a 15pc increase in the first quarter and 8pc in the second quarter. Adjusted earnings before interest, tax, depreciation and amortisation at the unit jumped 44pc in the first half, to £27m (€31m).
“This performance reflects share gains across our estate in both the UK and Ireland,” it noted when it released first-half results in August.
The outlets being closed in Ireland are a result of a lease expirations and early terminations.
“As with all businesses in the retail sector, we regularly review our estate to ensure we are operating efficiently and meeting the evolving needs of our customers,” said David Newton, chief commercial officer at Paddy Power.
“Indeed, a well invested retail estate remains a key component of our omnichannel strategy. Whilst the majority of our estate continues to perform well and is growing market share, we have decided to close a number of underperforming shops,” he added.
“This is absolutely no reflection on our hard-working shop colleagues, and I would like to thank them for their service and professionalism during this difficult time. We are in contact with all affected colleagues and our focus is very much on providing support to those who may be impacted by the changes,” said Mr Newton.
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Sought-after software provider’s enhanced Premium release sees players step into the glow of the Far East as wild symbols and Quadspins combine for huge rewards
With Swintt having already opened the way to a world of wonder in the original Lucky Fortune Door, this month the award-winning software provider is back in action again with Lucky Fortune Door Wild – an exciting reboot that gives players even more ways to win!
Like its SwinttPremium predecessor, Lucky Fortune Door Wild is a five-reel slot that can be played with either five or ten paylines. Boasting an engaging Far East theme, the slot combines dragons, yin and yang pendants and coins with new golden ingot wilds that substitute for all other symbols.
The good news for fans of the original game is that the slot’s signature Quadspin mechanic again makes a welcome return. Activated whenever a win of at least 4x the bet is triggered, players will have the choice to either claim their current prize or gamble a portion of it to activate Quadspins.
Should they decide for the latter option, the gameboard will be divided into four separate reel sets to potentially quadruple the prizes on offer – and of course, with substitute wilds now also in play, the chances of players landing the slot’s maximum 6,000x win multiplier will be greatly increased.
As a further incentive, during Quadspins, an extra mystery symbol is also added to the reels. Should any instances of this icon appear on any of the four reel sets, they will be replaced by a random matching symbol to create additional payline wins and generate potentially huge prizes.
On top of this, should players continue to land wins of 4x their bet or greater during Quadspins, they can elect to remain in the feature for longer. With a maximum of 50 Quadspin available per set, the odds of them embarking on a prolonged winning streak are, therefore, much more likely.
To cap it off, all wins in Lucky Fortune Door Wild are paid from both left-to-right and right-to-left, meaning that no matter how aggressively players choose to play, fortune is only ever a spin away.
David Mann, Chief Commercial Officer at Swintt, said: “With Swintt’s signature Quadspin mechanic proving a hugely popular addition to our Premium line-up, we’re delighted to be giving the feature another outing in Lucky Fortune Door Wild. Offering the same great gameplay as the original release but now with added wilds, it’s sure to be a big hit with players and operators alike.”
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