× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine
GGA 2020 AffiliateCon
NEWS 5 February 2020

CMA launches first phase of investigation into Flutter - Stars Group merger

By Tim Poole

The Competition and Markets Authority (CMA) has confirmed it is investigating the scheduled merger of Flutter Entertainment and Stars Group.

In October, Flutter reached an agreement to acquire Stars Group, to create a merged entity which would have generated £3.8bn ($4.66m) in revenue for 2018 on a pro forma basis.

At the time, the deal (worth £11bn in market capital) was expected to be closely scrutinised by regulators, given the new firm would hold a significant share in several markets, including the UK and US.

The CMA has now commenced phase one of its investigation into the deal for the UK market, which takes the form of an invitation to comment on the transaction "from any interested party;" the deadline for comment is 18 February.

Providing there is no regulatory obstruction, the merger between Flutter and Stars Group is expected to complete in Q2 2020.

It’s important to note this is no guarantee of intervention by the CMA and may end up prompting no further action.

A statement said: "The CMA is considering whether it is or may be the case that this transaction, if carried into effect, will result in a substantial lessening of competition within any market or markets in the UK for goods or services."

RELATED TAGS: Online | Legal & Regulatory | Mergers & Acquisitions
IN-DEPTH 18 February 2020
A decade to remember

Systems and Software
We have partnered up with deVRealm in a joint venture for the development of new gambling technology platforms. The primary ...
PR and Marketing
ActiveWin has ripped up the rulebook on the traditional agency prototype. Our model is based on performance - as you ...
Systems and Software
The Leading iGaming Software Supplier in Asia
1xPartners is the innovative and exciting affiliate program offered by 1xBet, one of the world's leading sportsbooks and casinos. Offering ...
Newgioco Group
Systems and Software
Newgioco Group, Inc. (OTCQB:NWGI) is a premier leisure betting technology company providing regulated online and land-based gaming and sports ...
Zimpler provides a complete In and Out payment solution for online services. That means we take care of identifying the ...
Digital Isle of Man
Legal and Jurisdictions
Digital Isle of Man is responsible for the thriving Digital sector in the Isle of Man, spanning the Island's international ...
Systems and Software
BetConstruct is a global award-winning technology and services provider for online and land-based gaming industry. BetConstruct's innovative and proven offerings ...
Global Gaming Awards
Industry Awards
The Global Gaming Awards London recognise the most innovative companies and individuals of the gaming world. The Awards are powered ...
Systems and Software
NSoft is an award - winning internationally recognized software solutions provider for betting industry. The company has more than 200 employees ...