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World's largest online betting firm created by Paddy Power owner

Flutter Entertainment to buy The Stars Group, owner of Sky Bet, in £10bn deal Flutter Entertainment, the owner of Paddy Power and Betfair, is to buy The Stars Group (TSG), which owns Sky Bet, in a £10bn deal which will create the world’s largest online betting company by revenue. The deal, agreed with one eye on the new and rapidly expanding US market for sports betting , will give Flutter shareholders a 55% majority of an online gaming group that would have had combined revenues of £3.8bn last year. Related: Sports betting set to become legal across US after supreme court decision Continue reading...

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