THE Hackett’s Bookmakers store at Mulgrave Street is one of 18 shops across the country which have closed after the company was placed in liquidation.
Originally founded by Cyril and Monica Hackett over 50 years ago, the family business expanded and at its peak operated 65 shops nationwide, employing over 160 staff.
The business has struggled in recent years and the directors had sought to restructure the business by closing 26 stores and selling a further 15 shops to Paddy Power.
Declan McDonald and Ken Tyrrell of PwC have been appointed Joint Provisional Liquidators to the company.
Over the years Hackett’s had a number of shops in Limerick but most were sold on to rival companies.
There is some good news for local punters with any winning dockets as they will be honoured by Paddy Power bookmakers.
In a statement, the company said that anyone with a winning bet slip should present it at their nearest Paddy Power betting office who will arrange for it to be paid out.
Any parties with an interest in the business or assets should contact the joint liquidators for further information, it added.