Paddy Power Official Online Betting Partner of Welsh Rugby Union

Independent Irish online sportsbook operator Paddy Power will be the official betting partner of the Welsh Rugby Union. The agreement signed last week will last for two years.

Paddy Power commented: "We will strive to provide Welsh rugby fans with unrivaled value while continuously offering fun and innovative promotions around every major game played by the Red Dragons.”

Paddy Power spokesperson Rory Scott added: “Not only do we share a host of common values including passion and commitment, we each strive to entertain our fans and customers with a dab of flair and dollop of match-winning creativity and excitement.”

“Paddy Power specializes in surprising and delighting punters and we cannot wait to share our unbeatable betting value with Welsh rugby fans.”

It is worth working for the Irish online gambling firm. Their recently appointed chief financial officer, Cormac McCarthy, was given 35,000 conditional shares, worth over 2 million Euro at the stock market. The reward corresponds to the company's 2004 “long-term incentive plan”.

Certain targets must be met for the payout of shares. The reward commits the former Ulster Bank chief to Paddy Power until 2015.

Paddy Power commented to the Irish gambling news: "The awards vest if earnings per share grows by an amount at least equal to the compound growth of the consumer price index plus 12 per cent per annum, over a period of three years."

In the meantime, the Ulster Bank needed EUR billions of bailout from its UK parent RBS and imitated several cuts in workforce.