The Stars Group and Flutter Entertainment Merger Yet to be Approved
The Stars Group and Flutter Entertainment merger are still on despite the industry’s downturn due to coronavirus. An update has been reported today between the Canadian gaming and online gambling company.
Besides, the company deal was agreed last year but is yet to be approved. Also, the operations in the industry are currently at a halt. And as per sports news, the suspension and cancellation of matches are still indefinite.
What Do Both Companies Offer?
The Stars Group is a global leader in the online and mobile gaming, as well as in interactive entertainment industries. According to gambling reviews, they are entertaining millions of customers across its online real and play-money poker, also, in gaming and betting product offerings.
Thus, The Stars Group is one of the most regulated online gaming companies in the world. With licenses or applicable approvals to operate in 22 jurisdictions, including in Europe, Australia, and North America.
Flutter Entertainment plc, on the other hand, is a global sports betting and entertainment provider. Their operations range from on-course bookmaking to daily fantasy sports. These include sportsbooks providing betting odds, exchanges, broadcasting, editorial, and B2B in between.
How will The Stars Group and Flutter Entertainment Merger Mean to Both Companies?
The Stars Group and Flutter Entertainment merger mean for both company as the combined business will enjoy improved geographic and product diversification. Also, it will allow advancing strategic goals as per CEO of Flutter Entertainment, Peter Jackson.
Currently, both companies are working with the various competition and anti-trust authorities globally to secure the few remaining approvals required. Also, they are not losing sight of their primary objective to ensure the safety of their staff and customers during these unprecedented times.
Also, The Stars Group, Flutter Entertainment Merger will see changes to the board of directors. It includes the roles of non-executive directors of Flutter Entertainment.
According to the chair of Flutter Entertainment, Gary McGann, he is looking forward to the new Flutter board. It is in realizing the exciting opportunities that will exchange from the combination of the two great companies.
