Flutter and The Stars Group complete merger
Flutter Entertainment announces completion of combination with The Stars Group Inc
Dated Monday 05, Flutter Entertainment has announced that as of 8am, ‘Completion took place; share dealings commenced; and the entire enlarged issued share capital of Flutter (constituting 143,987,624 ordinary shares) was admitted to the premium listing of the Official List of the Financial Conduct Authority and the Official List of Euronext Dublin and to trading on the London Stock Exchange’s Main Market for listed securities and the Euronext Dublin Market under the ticker “FLTR”.’
Following the transaction, Flutter will initially have five reporting segments which include TSG International (excluding current US operations), Paddy Power Betfair, Sky Betting and Gaming, Australia (including SportsBet and BetEasy), and US (including FanDuel and all TSG US operations).
Peter Jackson, group chief executive at Flutter Entertainment, said, speaking on the proposed merger, that, “The enlarged group brings together exceptional brands, products and businesses, a hugely talented and experienced team, and a diverse global presence. The strength of our combined portfolio of assets means that we approach the future with confidence in these uncertain times. Both businesses have a strong legacy of leadership when it comes to responsible gambling. As a combination, we are determined to deliver on our commitment to drive a race to the top when it comes to responsible gambling best practice across the sector.”
Flutter Entertainment is a global sports betting and gaming operator with a portfolio of leading international brands and operations. Our vision is to be a global leader in online sports betting and gaming. Our purpose is to deliver a vibrant and safe sports betting and gaming experience to our customers around the world.
