David Power, Co-Founder of Paddy Power, Passes Away at 77

David Power, one of the founding fathers of Paddy Power, has passed away peacefully on Monday 8 July, surrounded by his wife, children, and grandchildren.

Born into what is now a bookmaking dynasty in 1947, David Power was always destined to be a bookie, moulded by a long lineage of odds compilers that stretches back all the way to Tramore racecourse in 1895. His mother is believed to have been the first woman to hold a betting license while the family’s successful on-course operation, named after his grandfather, Richard Power, was a mainstay at tracks until David’s fitting retirement after the 2018 Cheltenham Gold Cup.

David Power co-founded Paddy Power with Stewart Kenny and John Corcoran in 1988. Paddy Power was named after David Power's son, Paddy Power. Paddy Power listed on both the Irish and London Stock Exchanges in 2000. Paddy Power merged with Betfair in 2016, creating Flutter Entertainment.