Gambling’s a gamble

dice rolling px230 x 150 for gc
By Silas Brown
05 Sep 2019

The US private placement market is set to host its first gambling firm from the UK and Ireland this month. Paddy Power's PP could herald a stream of trades from the sector, but investors should beware the risks of herding into any old deal offered to them.

Well regarded by the market as a stable credit with low leverage and a wide reach, Paddy Power is sure to successfully sell its notes. But, a word of warning: gambling is an industry fraught with risks — and they aren’t all borne by its punters. 

After liberalisation in ...

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