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Breaking News: Flutter Entertainment to buy Stars Group

George Miller
October 2, 2019
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Breaking News: Flutter Entertainment to buy Stars GroupReading Time: 1 minute

 

Bookmaking business, Flutter Entertainment (formerly known as Paddy Power Betfair) is merging with Nasdaq Stars Group in an all-share deal that will create one of the world’s biggest online betting group.

Following the merger, shareholders of Flutter, would own approximately 54.64% of the new company, with TSG Shareholders owning approximately 45.36% of the share capital.

The merger is expected to deliver substantial value creation for shareholders from pre-tax cost synergies of 140 million pounds per annum, along with potential revenue cross-sell in international markets and lower finance costs, they said.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Breaking News: Flutter Entertainment to buy Stars Group

George Miller

George Miller

George Miller began his career in content marketing before joining the HIPTHER team in 2016 as an Editor and Content Manager. His ability to distill complex regulatory data into newsworthy B2B content led to his appointment as Head of Content in 2017.…

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At the heart of the ever-evolving gaming and technology sectors lies EEGaming.org, a premier B2B platform and the definitive Intelligence Hub for industry leaders. As a flagship publication of HIPTHER, we bridge the gap between regional heritage and global innovation, redefining how the industry connects, informs, and inspires.

Expertise & Evolution – More Than Just News

Reaching a vast network of decision-makers, EEGaming.org goes beyond the headlines to deliver high-stakes intelligence and strategic foresight. From the intricacies of European regulations to the rapid evolution of global tech, we provide comprehensive coverage across the verticals that drive the industry:

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Whether through our daily "Zero Fluff" news, exclusive executive interviews, or in-depth market reports, our content provides the Expertise required to navigate today’s markets and the Evolution needed to lead tomorrow’s.

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Our impact extends far beyond the digital page. EEGaming.org is a proud host of virtual meetups and industry-leading conferences that spark dialogue, foster collaboration, and drive innovation. Through detailed reports and live events, we create a space where operators, suppliers, regulators, and professional services come together to shape the future of gaming.

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Business & Advertising: [email protected]

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