Flutter Entertainment PLC, the owner of Paddy Power and FanDuel, announced a $6 billion deal to purchase The Stars Group Inc. (TSG) and become the world’s largest online gambling company.
Flutter, an Irish gambling conglomerate, owns gambling websites Paddy Power and Betfair, in addition to sports betting websites FanDuel, Sportsbet, and TVG. Meanwhile, Canadian company TSG owns the world’s largest poker website, PokerStars, as well as BetStars and Full Tilt Poker.
The combined value of the companies is approximately $12 billion. Further, the combined …Continue Reading