Flutter Entertainment has paid $300 million to the Commonwealth of Kentucky to fully settle its legal dispute with the state concerning The Stars Group. The Dublin-based gambling group has paid $200 million to the state, on top of a $100 million previously handed over to the state relating to a superseded bond in the case. A statement from Flutter read: …
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Flutter takes £870m Kentucky ruling to US Supreme Court
Flutter Entertainment has taken its legal contest with the Commonwealth of Kentucky regarding a $870 million ruling against the firm to the US Supreme Court. Describing the ruling as having caused ‘monstrous damages’ against its commercial operations, the FTSE100 company has questioned whether “an award of statutory damages violates due process when it exceeds by a factor of more than …
Read More »Flutter to appeal Kentucky Court’s $870m TSG ruling
Flutter Entertainment is expected to appeal a $870 million ruling made by the Kentucky Supreme Court, having argued that the litigation ran contrary to modern US legal precedent. The case, which was reversed in late 2018, was initially filed by the Commonwealth of Kentucky in 2010, approximately four years prior to The Stars Group’s (TSG) acquisition of the PokerStars business. …
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