The Paddy Power boss has 'huge regrets' over things he did at the bookmaker

The betting sector is “scaremongering” over the potential damage of a tax raid on gambling, according to the retired co-founder of Paddy Power, who said he had led similar industry warnings of job losses and store closures before other mooted tax changes.

Stewart Kenny, who served as chairman and chief executive at the Irish gambling giant for several decades, accused his former industry of exaggerating the ill-effects of a proposed raid, saying he saw “no reason” for the £3.2bn raid to trigger sweeping layoffs.

“It’s scaremongering,” he told lawmakers at a parliamentary committee. “I played that game every time there was mention of a tax rise [during my career]… I was using exactly the same arguments 25 years

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