Tag Archives: Flutter
US – Flutter further increases FanDuel stake in £3.1bn deal
Flutter has entered into a conditional agreement to acquire the entire 37.2 per cent interest in FanDuel which is currently held by Fastball for US$4.175bn (£3.131bn). The agreement accelerates the buy-out of minority investors in FanDuel, taking Flutter’s stake in FanDuel from 57.8 per cent to 95 per cent. Consideration for the transaction is expected to…
UK – Flutter appoints former MP Tom Watson in advisory role
Flutter has confirmed that it has appointed Tom Watson, former Opposition Deputy Leader and vocal advocate for gambling reform, as an advisor to bring his expertise and challenge to the business as it continues its commitment to lead a race to the top in safer gambling best practice. Flutter has said that Mr. Watson will…
Ireland – Flutter and The Stars Group to become ‘global leader in sports betting and gaming’
Flutter Entertainment, the owner of Paddy Power and Betfair, is to merge with Canadian poker giant The Stars Group to create a ‘global leader in sports betting and gaming.’ The combined group would have combined revenues of £3.8bn and will be headquartered in Dublin and be listed on the London Stock Exchange as well as…
UK – UK sports betting giants increase responsible gambling pledge
The big five in UK sports betting, namely Bet365, Paddy Power-owner Flutter, Ladbrokes-owner GVC, Sky Betting and Gaming and William Hill, have agreed to increase the amount the pledge to fund research and treatment into responsible gambling. The companies – Bet365, Paddy Power-owner Flutter, Ladbrokes-owner GVC, Sky Betting and Gaming and William Hill – have…
