Tag Archives: pokerstars

F1 selects PokerStars as principal betting sponsor

Formula 1 (F1) has announced PokerStars as its new official betting sponsor, following a deal struck between the online poker brand and the racing series’ sponsorship and data rights agency, Interregional Sports Group (ISG). The agreement will see the Flutter Entertainment-owned brand, which operates as part of The Stars Group, feature exclusively across Formula 1 broadcasts until 2023. Additionally, the deal expands the global racing …

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Sky Bet: London competition poses threat to Yorkshire vacancies

Sky Betting and Gaming has revealed that it has more than 300 vacancies available as it prepares to open its new headquarters in Leeds, West Yorkshire, in September. Speaking to the Yorkshire Post, Conor Grant, CEO of Flutter Entertainment’s UK and Ireland divisions, informed the outlet about the multiple vacancies available at Sky Bet, recognised as Yorkshire’s top tech and …

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Flutter forms #TOGETHERFORMISSING partnership with Missing People

Flutter Entertainment Plc has partnered with UK charity Missing People, to raise awareness and support the families of nearly 100,000 adults that were reported missing across the country last year. The FTSE100 betting group has announced that its UK facing brands of Paddy Power, Betfair, Sky Bet and PokerStars will promote its #TOGETHERFORMISSING campaign formed with Missing People. #TOGETHERFORMISSING, was …

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Flutter accelerates global growth profile as US options are weighed up

Flutter Entertainment Plc has cited confidence in delivering on its full-year 2021 financial expectations by continuing to establish its individual brands as outright leaders in each active marketplace. Publishing its Q1 trading update, the FTSE100 gambling group recorded double-digit growth across all core divisions, as its monthly average active customer base increases by 36% to 7.6 million (Q12019: 5.6m). Providing …

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Fox challenges Flutter on FanDuel’s ‘fair market pricing’

Fox Corporation has launched legal proceedings against Flutter Entertainment in relation to the former exercising its option to acquire an 18.6% stake in the FanDuel sportsbook. Flutter has argued that Fox must conduct the transaction at a ‘fair market price’, whilst the American multimedia corporation maintains that it should pay the same amount Flutter paid in December 2020. Through its …

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Flutter loses Kentucky appeal on PokerStars $870m litigation 

The Supreme Court of Kentucky has denied Flutter Entertainment Plc an appeal to rehear the litigation made by the state against its PokerStars subsidiary.    The FTSE100 firm’s request relates to the Kentucky Court of Appeals reversing its judgement on PokerStars owing the Commonwealth of Kentucky $870 million for unlicensed online poker wagers recorded between 2006-to-2011. In 2018, Kentucky judges ruled …

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Flutter bulks up for global dominance as TSG merger objectives are achieved

Flutter Entertainment Plc has exceeded 2020 corporate objectives by demonstrating its ‘unparalleled scale and diversification’ after completing the first year of its transformative merger with The Stars Group Inc (TSG). Publishing its 2020 preliminary results, the FTSE100 group doubled its corporate revenues to £4.4 billion (FY2019: £2.1bn) which Flutter stated is a reflection of its successful incorporation of TSG assets …

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UK Gambling PLCs take centre stage on Budget week

UK gambling will be at the forefront of global business headlines and further M&A speculation this week as its ‘big-three’ PLCs declare their end-of-year results having navigated the events of an unprecedented 2020.    Opening the FTSE bell on Tuesday 2 February, Flutter Entertainment will publish its 2020 financial results, with City and Wall Street eyes eager to gauge the …

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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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Flutter exceeds Q3 expectations with double-digit growth across all brands

Flutter Entertainment Plc has reported a strong Q3 2020 trading update, in which the enlarged FTSE100 operator highlighted a growth in market share across its brand portfolio in addition to merger directives remaining ahead of schedule. Driven by the return of global sports, Flutter secured double-digit growth across all core metrics as group revenues topped £1.32 billion, up 27% on …

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