Saturday August 8, 2020

Flutter takes gamble on Stars deal

The all-share merger will see Flutter shareholders control 54 per cent of the combined business, which will look to grow in the United States and extend its position as one of the world’s largest betting companies

Ian Guider

Markets Editor

@ianguider
2nd October, 2019
Electronic displays at a Paddy Power bookmakers Picture: Bloomberg

Flutter Entertainment, formerly called Paddy Power Betfair, is looking to boost its share of the global gaming market with a deal announced this morning to merge with Canada’s The Stars Group.

The all-share merger will see Flutter shareholders control 54 per cent of the combined business, which will look to grow in the United States and extend its position as one of the world’s largest betting companies.

The Stars Group (TSG) is...

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