Tag Archives: Flutter

Flutter maintains confidence in Stars Group agenda 

FTSE100-listed Flutter Entertainment has underlined that its multi-billion pound merger with The Stars Group Inc (TSG) remains on track, as the group plans to undertake several COVID-19 adjustments.  Planning for 2020 disruptions, Flutter confirmed that it has secured a new debt arrangement which provides the company with access to a £1.3 billion revolving credit facility, supporting the group’s business continuity …

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Flutter backs strategy to navigate 2019 complexities 

Publishing its full-year 2019 results, the governance of FTSE100 Flutter Entertainment Plc has detailed confidence in the firm’s future growth prospects after closing a year of regulatory adjustments and sustainability challenges.   Citing strong international expansions, Flutter achieved record revenues of £2.14 billion, up 14% against corresponding FY2018’s £1.81 billion – a tough comparative period featuring World Cup trading. Flutter governance …

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Flutter secures Australian clearance for Stars Group merger

Flutter Entertainment Plc has received regulatory approval from the Australian Competition and Consumer Commission (ACCC) for its proposed merger with The Stars Group Inc.    The Australian competition clearance means Flutter has cleared a significant hurdle in its pursuit of a merger with The Stars Group, which it hopes to push through by Q3 2020. The ACCC had been forced to …

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Martin Lycka: Gambling and its Dutchman’s curse

In the latest of a series of columns examining international gambling legislation, GVC Holdings Director of Regulatory Affairs Martin Lycka retraces the industry’s arduous history with Dutch politics and policies…  _________________ The year was 1964. The Beatles dominated the charts, Sidney Poitier became the first Afro American actor to have won an Oscar and a Czechoslovak gymnast Vera Caslavska enchanted the world …

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CMA begins probe of Flutter-Stars combination

The UK Competition and Markets Authority (CMA) has begun its evaluation of the planned merger agreed by FTSE100 Flutter Entertainment Plc with Toronto TSX counterpart The Stars Group Inc. Last October, Flutter and Stars Group governances agreed to terms on an all-share combination, seeking to create the outright global market leader operating across all online gambling verticals. For the UK …

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DCMS ‘very angry’ over FA streaming rights deal

The Department for Digital, Culture, Media and Sport has weighed in on the debate surrounding the Football Association’s streaming rights, with Sports Minister Nigel Adams saying that the government is ‘very angry’ with the current arrangement. Reported by the BBC, Adams has confirmed that the government is due to be holding talks with the FA regarding the sale of its …

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Flutter appoints Fiona Thorne as Corporate Affairs lead

Flutter Entertainment Plc has confirmed the appointment of Fiona Thorne as new Group Corporate Affairs Director. An expert in corporate communications, agency and stakeholder management for mass-market enterprises, Thorne was the former Director of Corporate Affairs for Gala Coral (2014-2016) prior to its merger with Ladbrokes and subsequent takeover by GVC Holdings. Thorne joins Flutter’s executive leadership team from New …

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Andrew Higginson frontrunner to chair Flutter-Stars enterprise

UK media reports further boardroom changes for FTSE betting groups, as Flutter Entertainment eyes its next Chairman appointment to replace incumbent Gary McGann in 2020. This weekend, The Sunday Times reported that Flutter’s new Non-Executive Director Andrew Higginson was the frontrunner to replace Gary McGann (69), who is set to retire next year. Higginson, who serves as the current Group …

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