Seán Quinn’s back in business after launch of new Cavan based betting company

Seán Quinn’s newest business venture QuinnBet, hopes to create more jobs at its base in Cavan.

The betting enterprise, is the former billionaire’s first significant venture since he lost control of the Quinn Group and his subsequent bankruptcy.

He was once estimated to be worth in the region of €4 billion, before losing control of the insurance and manufacturing empires amid the economic crash.

Legal action taken by the Quinns against the liquidators of IBRC has been running for almost a decade and isn’t expected to conclude for a number of years.

His son Seán Quinn Jr told The Joe Finnegan Show this morning that the company is based in Cavan but is run from an office in Blanchardstown.

He says he hopes QuinnBet will grow in the region:

Meanwhile, Seán Quinn Junior says “the door has never been closed” on an end to the legal action taken by the Quinn family against the former Anglo Irish Bank.

The IBRC liquidators and the Quinns have been in dispute for a number of years over loans of €2.3 billion connected with the former Anglo Irish Bank.

Speaking on The Joe Finnegan Show this morning, Seán Quinn Jr said it’s still continuing: