Seán Quinn’s newest business venture, QuinnBet, hopes to create jobs in the Shannonside region when it is up and running.
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.
Its founder was declared bankrupt in 2012.
His son Seán Quinn Jr told The Joe Finnegan Show this morning that the company will be based in Cavan but is run from an office in Blanchardstown.
A dispute between the liquidators of IBRC and the Quinn’s has been running for almost a decade and isn’t expected to conclude for a number of years.
Seán Quinn Jr says he hopes QuinnBet will grow in the region.