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:
“In leaving the people’s business in their hands, we can not be wrong.”
—Abraham Lincoln (1809–1865)
“What exacerbates the strain in the working class is the absence of money to pay for services they need, economic insecurity, poor daycare, and lack of dignity and boredom in each partner’s job. What exacerbates it in upper-middle class is the instability of paid help and the enormous demands of the career system in which both partners become willing believers. But the tug between traditional and egalitarian models of marriage runs from top to bottom of the class ladder.”
—Arlie Hochschild (20th century)