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Paddy Power Launches Holiday Protection Product

Dépèche transmise le 19 mai 2010 par PRNewswire

LONDON, May 19, 2010 /PRNewswire/ -- Paddy Power today announced the launch of a new holiday protection product designed to safeguard holidaymakers against the threat of unscheduled airport closure due to volcanic ash.

This new initiative allows would-be holidaymakers to place a bet on a specified UK or Irish airport closing for at least a one hour period due to volcanic ash contamination on any given date between June 01 and August 31st. The odds on offer vary by airport and by date, as an example a GBP1,000 holiday leaving London Heathrow on July 18th can be covered by placing a bet GBP50 at 20/1. Customers will each be allowed up to GBP2,000 of cover.

Paddy Power said: "This new venture was brought about by considerable customer demand. In fact we have been quoting odds on airport closure to customers since Eyjafjallajökull blew its top back in April. It's a very exciting new business opportunity and we're hoping to expand our offering in the short term."

How it works;

1. Log on to

2. Choose departure airport

3. Choose departure date

4. Odds will be available for your selected airport to close due to volcanic ash on your specified departure date.

5. Place your bet (e.g. a bet of GBP50 at 20/1 returns GBP1,050 if your airport closes on your specified departure date)

All prices remain subject to fluctuation.

Paddy Power is Ireland's largest bookmaker and a leading provider of gaming services in the UK, Australia and Ireland. Founded in 1988 Paddy Power is a publicly quoted company and is listed on both the Irish and London Stock Exchanges ()

CONTACT: For more information contact; Ken Robertson, Paddy Power plc,Tel: +353-1-4045915, Mob: +353-87-8528718,

PRNewswire

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