Business Career
Yates is the chairman and managing director of Celtic Bookmakers, an Irish chain of betting shops, and expanded the company from its Wexford base to a chain of 64 shops around the country at its peak. It was announced on 4 January 2011 that the company had gone into receivership.
Yates' leadership has been very much in evidence in the bookmaking industry. He has been heading a group of bookmakers in a court case against the British Horseracing Board (BHB) over data rights. Although the issue has yet to be resolved in the Irish courts, UK bookmaker William Hill has already defeated the BHB on this issue in the Court of Appeal and the European Court of Justice. Yates is hoping that the court will also force the BHB to pay back the £15m a year that Irish bookmakers have been paying the BHB for data rights since 2002.
Yates in 2011 described the Irish bankruptcy regime as "purgatory" and publicly announced that he was contemplating moving to the UK to avail of its bankruptcy regime.
Read more about this topic: Ivan Yates
Famous quotes containing the words business and/or career:
“Knighterrantry is a most chuckleheaded trade, and it is tedious hard work, too, but I begin to see that there is money in it, after all, if you have luck. Not that I would ever engage in it, as a business, for I wouldn’t. No sound and legitimate business can be established on a basis of speculation. A successful whirl in the knighterrantry line—now what is it when you blow away the nonsense and come down to the cold facts? It’s just a corner in pork, that’s all.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“Like the old soldier of the ballad, I now close my military career and just fade away, an old soldier who tried to do his duty as God gave him the light to see that duty. Goodbye.”
—Douglas MacArthur (1880–1964)