Publishing its results for the fourth quarter and year ended December 31 2019, Toronto TSX-listed The Stars Group Inc has lauded strong growth across its UK division despite international betting revenue falling by 8.3% for the year. Stars Group revealed that its new UK and Australian divisions delivered growth in the year, which was ‘largely driven by strong underlying trends …
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Scientific Games has expanded its partnership with Flutter Entertainment to provide FanDuel with the technology for online and mobile sports betting in the US market. As first reported on SBC Americas, this expansion – also covering igaming content – means that Scientific Games will serve the fantasy sports operator turned sports betting powerhouse in regulated state markets across the country. …
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Industry strategic consultancy Regulus Partners starts of the week by looking at the ban on credit cards for betting activity, and further additions to the safer gambling agenda in the UK. UK: regulation – taking credit? Gambling with credit cards, or through wallets funded directly from credit cards, will be banned in GB from April 2020. The consultation responses largely …
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Recent figures released by industry charity GambleAware have listed GVC Holdings, William Hill and Flutter Entertainment as the top three donors to the charity for the period 1 April 2019 – 31 December 2019. For the first three quarters of the year, the industry charity had received £7.6m in voluntary contributions, however this does not include funds received through regulatory …
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Flutter Entertainment has significantly elevated its racing offering by announcing a new deal with Arena Racing Company (ARC), The Racing Partnership (TRP) and At The Races (ATR). The lucrative multi-year rights deal will strengthen all elements of Flutter’s global racing business including UK retail and online, as well as its operations in the US and Australia. Peter Jackson, CEO of Flutter …
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Chief Executives from a number of UK betting companies have signed up to a new package of safer gambling commitments, which will place a focus on mitigating the associated risks of gambling. The CEOs from Aspers, bet365, Caesars, Flutter Entertainment, Genting, GVC Holdings, Playtech, Rank Group, Sky Betting & Gaming and William Hill have all committed to the new set …
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City analysts are pondering how Flutter Entertainment will sooth competition concerns across multiple markets, attached to its bold merger pursuit with digital rival The Stars Group Inc. Since the merger was propositioned on 2 October, Flutter CEO Peter Jackson and corporate governance have emphasised confidence in clearing all regulatory hurdles to deliver a £10 billion online gambling powerhouse. The stakes …
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News that five of the UK’s top operators had committed to a ten-fold increase in voluntary levy to GambleAware made big news in July, but a major deal for horse racing announced the following week – involving four of the same five – passed with considerably less fanfare. Tom Byrne, Operations Manager at HBLB, tells us more. The horseracing sector …
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Following this morning’s announcement that The Stars Group (TSG) is to be acquired by Flutter Entertainment, board members have emphasised their confidence that the mega-merger would gain the necessary regulatory approvals to go ahead. Confirmed in a conference call with both investors and industry analysts, Flutter chief executive Peter Jackson emphasised that he believed there should be no concerns regarding …
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In the latest mega-merger to hit the gambling industry, The Stars Group (TSG) is to be acquired by Flutter Entertainment, operator of Betfair, FanDuel and Paddy Power via an all-share combination. Immediately following completion of the Combination, Flutter Shareholders would own approximately 54.64 per cent and TSG Shareholders would own approximately 45.36 per cent of the share capital of the Combined Group. …
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