Tag Archives: Flutter

Harry von Behr: Spotlight Sports Group accelerates US expansion

Spotlight Sports Group

Harry von Behr, Managing Director (Sport) at Spotlight Sports Group, discusses the evolution of the company, the recent refresh of the group brand, key focus areas for 2021, and why it’s an exciting time to be involved in the US market – both through the provision of expert content for B2B partners and the successful rollout of customer facing website …

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William Hill commits to 100% renewable energy with new green policy

British online and retail bookmaker William Hill has moved 100% of its UK electricity supply to renewable energy sources as part of a new green commitment. The arrangement has been in place since 1 October 2020 following a procurement tendering process which saw the operator switch energy suppliers from Grid Electricity to Total Gas and Power. As a result of …

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Flutter orders full buyout of FanDuel shareholding

Flutter Entertainment has secured its majority shareholding in US wagering subsidiary FanDuel after agreeing to acquire the 37.2% interest held by the ‘Fastball’ consortium for $4.17 billion (£3.1bn).  The transaction will see Flutter increase its majority shareholding in FanDuel from 58% to 95% – as the FTSE100 operator triggers an early buyout clause to increase its interest in its flagship …

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Martin Lycka – The age of super mergers

As the key factions in the gambling landscape build alliance after alliance, GVC Holdings Director of Regulatory Affairs Martin Lycka muses on the way it is changing the world we work in.  The landscape of the fabled land of Gamealot has changed a lot over the last decade or so. Sir William hailed a Caesar from across the pond and …

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Flutter moves to refine merger benefits against 2020 trading realities

Flutter Entertainment Plc has accelerated all corporate directives related to its merger integration with The Stars Group Inc (TSG), but conceded that its 2020 outlook remains ‘highly uncertain’ dependent on further COVID-19 outcomes and regulatory changes across various markets.  This story featured in today’s SBC News 90. To view the latest round-up, watch today’s edition here. Publishing its 2020 interim …

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PokerStars moves to refresh global appeal with ‘I’M IN’

PokerStars has refreshed its marketing profile under the new ownership of FTSE100 Flutter Entertainment Plc by launching its new global advertising campaign – ‘I’M IN’.  Promoting PokerStars full product range of online poker, casino and sportsbook, I’M IN, is the first advertising campaign launched by the operator under the creative guidance of new marketing agency Anomaly. Last summer, the Stars …

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Flutter calls for £850m private placement capitalising on disruptions

Flutter Entertainment Plc has this afternoon confirmed that it plans to sanction a private placement of 8 million corporate shares made available to ‘institutional investors’. The enlarged FTSE100 gambling group seeks to raise a further £850 million in working capital, strengthening its liquidity to take advantage of the short and long-term opportunities presented by a disrupted marketplace. Confirming the placement, …

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Flutter begins ‘new era’ by completing merger with Stars Group

A new FTSE100 gambling giant was formed this morning, as Flutter Entertainment Plc confirmed the outright completion of its $11 billion merger with The Stars Group Inc (TSG).   Flutter has completed its six-month merger pursuit of TSG ‘on schedule’, securing all regulatory (Australia, UK and US) and shareholder approvals during the first half of 2020 trading.  Updating its timetable, the …

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BGC backs new action plan to quell DCMS concerns

BGC pledges to maintain safer gambling momentum

Michael Dugher, Chief Executive of the Betting and Gaming Council (BGC), has replied to UK Sports Minister Nigel Huddleston stating that UK gambling is committed to maintaining the highest operating standards. On Tuesday, Huddleston had penned a letter on behalf of DCMS to the leadership of the UK’s top five betting operators urging ‘further proactive steps’ to ensure gambling consumer …

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Flutter shareholders greenlight Stars Group merger

Closing Tuesday trading, Flutter Entertainment governance confirms that company shareholders have approved the FTSE100 firm’s merger bid with Toronto TSX rival The Stars Group Inc (TSG). This afternoon, Flutter governance confirmed that following the conclusion of its extraordinary general meeting, group investors backed the Flutter-TSG combination by 99%. The merger which seeks to create a new $11 billion global gambling …

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