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Business
April 22, 2020
Flutter Entertainment: Shareholders Approved the Combination with TSG
The merger between Flutter Entertainment and The Stars Group /TSG/ has moved one step closer to completion Tuesday, after the Irish-based company held its Extraordinary General Meeting during which its shareholders approved the deal. Merger Still On Track The combination between both companies will create a gaming giant with more than 10 million customers worldwide, […]
Business
April 21, 2020
Sportsbet Brings BetEasy Under Own Brand as TSG/Flutter Merge
Reneging on a decision to run a dual branding strategy, The Stars Group and Flutter Entertainment are bringing the BetEasy brand, Flutter’s Australia-facing sportsbook, under Sportsbet’s banner to boost the entities competitiveness and take on Tabcorp, their main rival in the Australian market. Sportsbet to Overtake BetEasy as TSG/Flutter New Branding Strategy Unfolds Sportsbet’s will […]
Business
March 31, 2020
Flutter Clears CMA Phase One Regulatory Hurdle For TSG Merger
The mega-merger deal between Irish-based Flutter Entertainment and Canadian-headquartered The Stars Group /TSG/ has moved one step ahead as the Competition and Markets Authority /CMA/ in the UK has given “unconditional phase one clearance” to the proposed combination. The owner of Paddy Power Betfair exchange, Flutter Entertainment, and the owner of Sky Bet, The Stars […]
Business
March 22, 2020
UK Government Forces Temporary Closure Of Betting Shops
Betting shops in the UK are closing down for a period of two weeks, after the latest set of unprecedented guidelines to combat the outbreak of coronavirus /Covid-19/ spread put them in the group of non-essential businesses, alongside casinos, cafes, pubs, leisure centers, cinemas, and museums, that were asked to stop operations with immediate effect. […]
Business
March 16, 2020
Flutter Updates Investors Regarding Covid-19 Financial Impact
Flutter Entertainment released an update today regarding the impact on their operations with regards to the mass cancellations of sports events around the world, in a coordinated effort to halt the spread of the novel coronavirus /Covid-19/. Sports Betting Revenue Vital The owner of Paddy Power Betfair exchange and FanDuel sports book provider revealed that […]
Business
February 27, 2020
The Stars Group 2019 Financial Report Posted $2.53Bn Total Revenue
The Stars Group /TSG/ 2019 financial results report released today showed the company had a strong performance in two specific geographic markets, Australia and the UK. The Stars Group, the company that is currently merging with owner of FanDuel and Paddy Power Betfair, the US-based Flutter Entertainment, showed a 24.6% year-on-year increase in revenue and […]
Legal
February 19, 2020
Flutter TSG Merger Given The Go Ahead In Australia
FanDuel and Paddy Power Betfair owner, Flutter Entertainment, has announced their merger with the Stars Group has got an informal go-ahead from the Australian Competition and Consumer Commission, with the final outcome of the deal still pending on the approval from the Australian Foreign Investment Review Board and a number of international regulatory bodies where […]
Business
February 5, 2020
Flutter Entertainment, TSG Merger to Be Examined by UK’s CMA
As Flutter Entertainment and The Stars Group edge closer to their merger, competition authorities in the United Kingdom have said that they would now want to review the deal and gauge its impact on markets in the country. Competition and Markets Authority to Review Flutter Entertainment, TSG Merger Flutter Entertainment, owner of flagship gaming and […]