Flutter ordered to pay hundreds of millions of dollars to Kentucky residents

An $870 million judgement has been reinstated, with compounding interest of 12 per cent per annum, as a result of the State’s supreme court ruling

17th December, 2020
Flutter ordered to pay hundreds of millions of dollars to Kentucky residents
Flutter, formerly known as Paddy Power-Betfair, agreed in October 2019 to buy The Stars Group. Picture: Getty

Flutter has been ordered to pay hundreds of millions of dollars to Kentucky residents after a ruling issued by the state’s Supreme Court today.

The Kentucky Supreme Court ruled on legal proceedings that were originally brought by the Commonwealth of Kentucky in 2010 against certain subsidiaries of The Stars Group (TSG) prior to its combination with Flutter.

As a result of the ruling, an $870 million judgement against TSG has been reinstated with compounding...

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