Legal
March 7, 2023
Probe into PokerStars Results in $4M Settlement with US SEC
It was back in 2020 when the gaming and entertainment giant, Flutter Entertainment, purchased PokerStars from The Stars Group. This deal expanded further the brands owned by Flutter but brought unexpected consequences, a report released by the US Securities and Exchange Commission (SEC) reveals. On Monday, the SEC issued a statement claiming that it uncovered […]
Business
March 16, 2022
FOX CEO Murdoch Unhappy with Limiting FOX Bet Flutter Partnership
An impasse with FOX Bet is stalling plans at FOX Corp to establish itself as a major player in the US sports betting space and frustrating FOX chief executive officer Lachlan Murdoch, Bloomberg reported. Lack of Development at FOX Bet FOX CEO Murdoch voiced his frustration at the lack of resolution related to the ongoing […]
Business
April 16, 2021
Flutter Hires Moelis, Explores Sale of Oddschecker
Global gambling group Flutter Entertainment is actively looking to offload its Oddschecker business, a report in Sky News revealed today, noting a prominent investment bank was contacted to advise the sale. Oddschecker Unwanted According to the report, Flutter hired New York investment bank Moelis & Company as an advisor to the sale of the leading […]
Business
March 15, 2021
Flutter Confirms It Considers Listing FanDuel on US Exchange
Flutter Entertainment has confirmed rumors that the company is planning to float FanDuel Sportsbook on a US exchange. FanDuel May Become Standalone Company British gaming group Flutter Entertainment has confirmed that it’s looking to list a small amount of its stake in the FanDuel Sportsbook business in the United States. The confirmation comes after CNBC published rumors that Flutter, […]
Industry
December 9, 2020
Lawmakers Urge British Bookies to Return Relief Money
With over £2 billion of relief money returned by businesses that benefited from the pandemic, MPs have called on sports betting businesses in the United Kingdom to do the same. Lawmakers Say Bookies Should Return Relief Funds Lawmakers in the United Kingdom have called sportsbooks to return tens of millions of pounds they received in […]
Business
November 4, 2020
Maryland, South Dakota and Louisiana Approve Ballot Measures
A trio of states voted in favor of ballot measures for the legalization of sports betting and fueled buying interest for stocks of sports betting operators on the markets Wednesday morning. Boston-based daily fantasy sports and betting operator DraftKings had its biggest rally in 3 weeks, posting gains of 6.2%, followed closely by Penn National […]
Business
April 23, 2020
Moody’s: Mergers And Acquisitions Is the Future of the Gambling Industry
The ongoing merger between Flutter Entertainment and The Stars Group /TSG/ has a real chance to make the decisive step towards completion this week, after on Tuesday the shareholders of the Irish-based gaming operator have almost unanimously approved the deal, and the stock holders of the Toronto-headquartered company will have their say Friday, April 24. […]
Business
April 22, 2020
Flutter Entertainment: Shareholders Approved the Combination with TSG
The merger between Flutter Entertainment and The Stars Group /TSG/ has moved one step closer to completion Tuesday, after the Irish-based company held its Extraordinary General Meeting during which its shareholders approved the deal. Merger Still On Track The combination between both companies will create a gaming giant with more than 10 million customers worldwide, […]
Business
March 22, 2020
UK Government Forces Temporary Closure Of Betting Shops
Betting shops in the UK are closing down for a period of two weeks, after the latest set of unprecedented guidelines to combat the outbreak of coronavirus /Covid-19/ spread put them in the group of non-essential businesses, alongside casinos, cafes, pubs, leisure centers, cinemas, and museums, that were asked to stop operations with immediate effect. […]
Business
March 16, 2020
Flutter Updates Investors Regarding Covid-19 Financial Impact
Flutter Entertainment released an update today regarding the impact on their operations with regards to the mass cancellations of sports events around the world, in a coordinated effort to halt the spread of the novel coronavirus /Covid-19/. Sports Betting Revenue Vital The owner of Paddy Power Betfair exchange and FanDuel sports book provider revealed that […]