Flutter, Stars Group Merge


Photo courtesy Racing Post

Gaming conglomerate Flutter-parent company of Paddy Power, Betfair and FanDuel-has purchased all shares in The Stars Group, owner of Sky Bet. Racing Post reports the two companies had a £10.5-billion combined market value at the time the deal was done. The companies' combined annual revenues in 2018 would have totalled £3.8-billion, making it the world's largest online betting and gaming operator.

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