Tag Archives: Gary McGann

Flutter board reshuffle sees Keller Koeppel and Lazzarato assume Chair positions

Flutter Entertainment has announced three changes to its boardroom, with Holly Keller Koeppel, Carolan Lennon and David Lazzarato all taking on roles at the FTSE 100 firm. Following the company’s AGM, Flutter confirmed that Michael Cawley had stepped down as Non-Executive Director and Chair of the Audit Committee, whilst Zillah Byng-Thorne has vacated the role as Chair of the Risk …

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Flutter confirms NED departures of Cawley and Byng-Thorne

The board of Flutter Entertainment Plc has confirmed that Michael Cawley has decided to end his nine-year tenure as a non-executive director of the FTSE100 gambling group.  Having previously served as the Chief Executive of Ryanair, Cawley has been a corporate advisor of Flutter since 2013, providing  guidance on the business’ transformative mergers with Paddy Power in 2018/2019 and The …

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Atif Rafiq joins Flutter’s repurposed Risk and Sustainability Committee

Flutter Entertainment has announced its Risk Committee has been reorganised as its Risk and Sustainability Committee, whilst also confirming the appointment of Atif Rafiq as an independent Non-Executive Director of the body. As a member of the Risk and Sustainability Committee, Rafiq will sit among a group of directors responsible for the management of the FTSE100 gambling group’s material risks …

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Flutter restructures board duties as critical US options dawn

Flutter Entertainment Plc has restructured its boardroom duties following the departures of company directors’ Divyesh ‘Dave’ Gadhia and Peter Rigby. During Q1 trading, Gadhia, Flutter’s Deputy Chairman and long-term Non-Executive Director Rigby announced that they would resign from all commercial duties representing the FTSE100 company. Following the conclusion of Flutter’s AGM, Gadhia and Rigby have been formally replaced by the …

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Stars Group investors back Flutter combination outright

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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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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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 and Stars ‘confident’ of mega-merger green light

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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PPB appoints ‘media pro’ Nancy Cruickshank as corporate advisor

FTSE100 betting group Paddy Power Betfair (PPB), has moved to strengthen its corporate governance advisory, confirming the appointment of Nancy Cruickshank as a non-executive director. The appointment is confirmed, following PPB’s annual general meeting (AGM), where the FTSE firm’s investors approved of PPB’s upcoming rebrand to ‘Flutter Entertainment Plc’. Nancy Cruickshank is the current Senior Vice President of Digital Transformation …

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Gary McGann – Irish tax doubling will hurt ‘home heroes’ like Paddy Power Betfair

The Sunday Times has this weekend published extracts of a letter written by Paddy Power Betfair (PPB) Executive Chairman Gary McGann to Paschal Donohoe, Ireland’s Finance Minister pleading for Fine Gael not to pursue with a new betting tax regime. The letter published under ‘the freedom of legislation’ act, sees McGann state that the Dáil approved/pending doubling of the Irish …

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