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Posts Tagged ‘Insolvency’


The Internet and new technologies are making some people vast fortunes – in Ireland too. In the Sunday Independent’s latest Rich List, many of the 40 new entrants have made their money in the tech sector.


The truism that there’s no such thing as a poor bookie was sorely tested last week with the demise of Celtic Bookmakers, which went bust with debts of €6m. According to a report in The Sunday Business Post, former government minister Ivan Yates’ operation is unlikely to be the last chain to fail in a shrinking economy awash with betting shops.


If any Machiavellian spin doctor had bad tidings to announce, this would have been the week to get them out there. The media preoccupation with the possible ramifications of the government’s four-year austerity measures and the likely impending bailout left little room for other business stories in the Sunday broadsheets.

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