Flutter Entertainment has confirmed the completion of its $11 billion merger with The Stars Group (TSG), and will begin trading on the London Stock Exchange and Euronext Dublin Exchange. Upon completion of the deal, Flutters’ entire enlarged issued share capital was admitted to the premium listing of the Official List of the Financial Conduct Authority and the Official List of …
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Gambling’s merger between Flutter Entertainment Plc and The Stars Group Inc (TSG) has cleared a further hurdle, as this afternoon TSG shareholders approved terms forming a new $11 billion entity. Issuing a corporate filing, TSG governance confirmed that company investors had voted 99% in favour of completing the merger deal with Flutter. TSG’s merger approval follows Flutter’s shareholder vote on Tuesday, …
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Australian online bookmaker BetEasy will be absorbed by Sportsbet.au as part of the merger between respective parent groups The Stars Group (TSG) and Flutter Entertainment. Reported by The Australian, BetEasy is due to cease operations and begin operating under the Sportsbet banner. A spokesperson for Sportsbet said: “Flutter currently intends to pursue a single brand strategy for its Australian operation. …
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GambleAware has revealed that donations to the charity have surpassed its £10 million minimum target for the first time. Publishing the full list of donations received between 1 April 2019 and 31 March 2020, it revealed that gambling operators and suppliers had made £10.05 million in voluntary donations to the charity, which is not inclusive of money received through regulatory …
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The continuation of racing across Australia and the US has come as a welcome relief for Flutter Entertainment, as its retail estate faces a blow from the postponement of global sporting events. Publishing a Q1 trading update for the three months ended 31 March 2020, Flutter reported group-wide year-on-year revenue growth of 16% in Q1, reported at £547 million for …
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Supporting its current merger schedule, the board of The Stars Group Inc (TSG) has revealed that independent advisories’ ISS Governance and Glass Lewis have approved deal terms backing a multibillion-pound combination with Flutter Entertainment. ISS and Glass Lewis were appointed by TSG investors to act as independent institutional advisors, undertaking due diligence of deal terms for the benefit of TSG …
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Industry platform provider Digitain has strengthened its senior management team confirming the appointment of Martin Clarke as its new Director of Product Management. Clarke has been selected to oversee Digitain’s product development strategy for both its sportsbook and casino platforms. The executive will lead product oversight for Digitain’s international operator network, which services over 70 platform partners utilising AI-driven capabilities …
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Members of the Betting and Gaming Council (BGC) have committed to donating all profits from this weekend’s ‘Virtual Grand National’ to NHS Charities Together. The initiative has the backing of BGC members including bet365, William Hill, Flutter Entertainment, Sky Bet, GVC, BetFred, Betway, BetVictor, JenningsBet and Inspired Entertainment. Commenting on the initiative, BGC Chief Executive Michael Dugher said: “With the …
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The UK Competitions and Markets Authority (CMA) has given the green light for the merger between The Stars Group (TSG) and Flutter Entertainment to go ahead, clearing ‘phase 1′ of its competition review. Last October, Flutter and TSG agreed to terms on an all-share combination, as the two companies set about creating the outright global market leader operating across all …
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Spanish state-owned lottery operator Sociedad Estatal Loterías y Apuestas del Estado (SELAE) has issued a country-wide suspension on the sale of tickets across all points of sale and online. The suspension comes after Spain’s prime minister, Pedro Sánchez, said he was imposing drastic measures to fight the coronavirus, including a national lockdown. As of Sunday, the sale of all tickets …
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