Tag Archives: Peter Jackson

Tom Watson joins Flutter as CSR advisor

Flutter Entertainment has confirmed the appointment of former Labour Party deputy leader Tom Watson as its new corporate advisor on safer gambling and further corporate social responsibility directives. Watson, who resigned from the Labour Party last November ahead of the UK’s Snap Election following a public fallout with former party leader Jeremy Corbyn, is recognised as a leading reformist of …

Read More »

Flutter moves to refine merger benefits against 2020 trading realities

Flutter Entertainment Plc has accelerated all corporate directives related to its merger integration with The Stars Group Inc (TSG), but conceded that its 2020 outlook remains ‘highly uncertain’ dependent on further COVID-19 outcomes and regulatory changes across various markets.  This story featured in today’s SBC News 90. To view the latest round-up, watch today’s edition here. Publishing its 2020 interim …

Read More »

Flutter begins ‘new era’ by completing merger with Stars Group

A new FTSE100 gambling giant was formed this morning, as Flutter Entertainment Plc confirmed the outright completion of its $11 billion merger with The Stars Group Inc (TSG).   Flutter has completed its six-month merger pursuit of TSG ‘on schedule’, securing all regulatory (Australia, UK and US) and shareholder approvals during the first half of 2020 trading.  Updating its timetable, the …

Read More »

International profile buoys Flutter during troubled times

The continuation of racing across Australia and the US has come as a welcome relief for Flutter Entertainment, as its retail estate faces a blow from the postponement of global sporting events. Publishing a Q1 trading update for the three months ended 31 March 2020, Flutter reported group-wide year-on-year revenue growth of 16% in Q1, reported at £547 million for …

Read More »

Stars Group institutional advisors back Flutter combination

Supporting its current merger schedule, the board of The Stars Group Inc (TSG) has revealed that independent advisories’ ISS Governance and Glass Lewis have approved deal terms backing a multibillion-pound combination with Flutter Entertainment. ISS and Glass Lewis were appointed by TSG investors to act as independent institutional advisors, undertaking due diligence of deal terms for the benefit of TSG …

Read More »

UK CMA approves Flutter-Stars merger

The UK Competitions and Markets Authority (CMA) has given the green light for the merger between The Stars Group (TSG) and Flutter Entertainment to go ahead, clearing ‘phase 1′ of its competition review. Last October, Flutter and TSG agreed to terms on an all-share combination, as the two companies set about creating the outright global market leader operating across all …

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 »

COVID-19 disruptions see Flutter revise 2020 guidance

FTSE100-listed Flutter Entertainment has become the first UK betting firm to revise its full-year 2020 corporate guidance. Issuing a market filing, Flutter anticipates that COVID-19 disruptions across core betting territories may result in a £90-110m decline in its group-wide full-year EBITDA results. Flutter governance has predicted that the COVID-19 outbreak will affect operations, as 78% of its group revenues are …

Read More »

CMA begins probe of Flutter-Stars combination

The UK Competition and Markets Authority (CMA) has begun its evaluation of the planned merger agreed by FTSE100 Flutter Entertainment Plc with Toronto TSX counterpart The Stars Group Inc. Last October, Flutter and Stars Group governances agreed to terms on an all-share combination, seeking to create the outright global market leader operating across all online gambling verticals. For the UK …

Read More »

Flutter appoints Fiona Thorne as Corporate Affairs lead

Flutter Entertainment Plc has confirmed the appointment of Fiona Thorne as new Group Corporate Affairs Director. An expert in corporate communications, agency and stakeholder management for mass-market enterprises, Thorne was the former Director of Corporate Affairs for Gala Coral (2014-2016) prior to its merger with Ladbrokes and subsequent takeover by GVC Holdings. Thorne joins Flutter’s executive leadership team from New …

Read More »