Flutter to acquire The Stars Group to create new online gambling giant

Merger will see Flutter shareholders own 55% of the new company which would have recorded combined revenues of £3.8bn in 2018

Flutter Entertainment has agreed an all-share deal to buy PokerStars owner The Stars Group (TSG) to create what the two companies claim will be the world’s largest online betting and gaming operator. The merger will see Flutter shareholders own 54.6% of the new company and TSG shareholders own 45.4%, with the combination expected to deliver pre-tax cost synergies of £140m per…

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