Flutter Entertainment acquires shares in The Stars Group
Flutter Entertainment, the parent company of Paddy Power Betfair, announces in a press release an agreement to acquire shares in The Stars Group (TSG) in a merge to form a combined business with an annual revenue of £ 3.8 billion (EUR 4.3 billion / $ 4.7 billion). The agreement would create the largest online gaming and gaming operator globally and means that Flutter will exchange 0.2253 new shares in exchange for each TSG share, where Flutter shareholders own approximately 54.6% of the combined business and TSG shareholders 45, 4%.
Latest News
- EuroGrand and WH Casino Club stop to operate in the UK
- Slotegrator and award-winning Wazdan in new partnership
- William Hill Affiliates move to Income Access
- GAMSTOP is required for all UK operators as of 31 March
- Gambling Ban of Credit Cards in the UK as of 14 April
- Pragmatic Play First release in 2020 - Buffalo King
