Flutter Entertainment Plc has restructured its boardroom duties following the departures of company directors’ Divyesh ‘Dave’ Gadhia and Peter Rigby. During Q1 trading, Gadhia, Flutter’s Deputy Chairman and long-term Non-Executive Director Rigby announced that they would resign from all commercial duties representing the FTSE100 company. Following the conclusion of Flutter’s AGM, Gadhia and Rigby have been formally replaced by the …
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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, …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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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