Tag Archives: Gary McGann

Stars Group investors back Flutter combination outright

Gambling’s merger between Flutter Entertainment Plc and The Stars Group Inc (TSG) has cleared a further  hurdle, as this afternoon TSG shareholders approved terms forming a new $11 billion entity. Issuing a corporate filing, TSG governance confirmed that company investors had voted 99% in favour of completing the merger deal with Flutter. TSG’s merger approval follows Flutter’s shareholder vote on Tuesday, …

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Flutter shareholders greenlight Stars Group merger

Closing Tuesday trading, Flutter Entertainment governance confirms that company shareholders have approved the FTSE100 firm’s merger bid with Toronto TSX rival The Stars Group Inc (TSG). This afternoon, Flutter governance confirmed that following the conclusion of its extraordinary general meeting, group investors backed the Flutter-TSG combination by 99%. The merger which seeks to create a new $11 billion global gambling …

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Flutter maintains confidence in Stars Group agenda 

FTSE100-listed Flutter Entertainment has underlined that its multi-billion pound merger with The Stars Group Inc (TSG) remains on track, as the group plans to undertake several COVID-19 adjustments.  Planning for 2020 disruptions, Flutter confirmed that it has secured a new debt arrangement which provides the company with access to a £1.3 billion revolving credit facility, supporting the group’s business continuity …

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Flutter and Stars ‘confident’ of mega-merger green light

Following this morning’s announcement that The Stars Group (TSG) is to be acquired by Flutter Entertainment, board members have emphasised their confidence that the mega-merger would gain the necessary regulatory approvals to go ahead. Confirmed in a conference call with both investors and industry analysts, Flutter chief executive Peter Jackson emphasised that he believed there should be no concerns regarding …

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PPB appoints ‘media pro’ Nancy Cruickshank as corporate advisor

FTSE100 betting group Paddy Power Betfair (PPB), has moved to strengthen its corporate governance advisory, confirming the appointment of Nancy Cruickshank as a non-executive director. The appointment is confirmed, following PPB’s annual general meeting (AGM), where the FTSE firm’s investors approved of PPB’s upcoming rebrand to ‘Flutter Entertainment Plc’. Nancy Cruickshank is the current Senior Vice President of Digital Transformation …

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Gary McGann – Irish tax doubling will hurt ‘home heroes’ like Paddy Power Betfair

The Sunday Times has this weekend published extracts of a letter written by Paddy Power Betfair (PPB) Executive Chairman Gary McGann to Paschal Donohoe, Ireland’s Finance Minister pleading for Fine Gael not to pursue with a new betting tax regime. The letter published under ‘the freedom of legislation’ act, sees McGann state that the Dáil approved/pending doubling of the Irish …

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Paddy Power Betfair appoints Jan Bolz as governance advisor

Updating the market, FTSE100 sports betting group Paddy Power Betfair (PPB) has confirmed the appointment of Jan Bolz as a new Independent Director. An industry leadership veteran, Bolz served as Chief Executive of European sports betting operator Tipico Sportwetten (2011-2016). Bolz has had a distinguished career focusing on commercial development and marketing disciplines having served as VP of Commerce for …

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Danuta Gray steps down as Paddy Power Betfair Independent Director

Paddy Power Betfair (PPB) Independent Non-Executive Director Danuta Gray, will not stand for re-election at the company’s annual general meeting scheduled for 17 May 2017. Gray the former Chief Executive of mobile telecommunications O2 Ireland, had joined Paddy Power as an Independent governance advisor and member of the Remuneration Committee in January 2013. Following the successful £6.6 million merger of …

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Paddy Power Co-founder Stewart Kenny steps down from Paddy Power Betfair board

Further to today’s H1 2016 results, Paddy Power Betfair (PPB) governance has confirmed that Paddy Power Co-founder and former Chief Executive Stewart Kenny will be stepping down from the FTSE100-listed firm’s board. Kenny resigns as a PPB non-executive director following 28 years’ service with Paddy Power, serving as the company’s first CEO, in what would become one of  Ireland’s biggest business success …

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‘Fair, Transparent and Balanced’ – Gary McGann defends Paddy Power Betfair executive pay policy

Addressing executive remuneration at Paddy Power Betfair (PPB) first ever AGM, Chairman Gary McGann stated that the company had implemented a ‘fair, transparent and balanced’ policy. McGann noted concerns on the matter, following 32% of shareholders voting against PPB’s executive pay report at the meeting. PPB’s Chairman stated that the divide stemmed from a change in the new group’s long …

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