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

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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

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Read more: theguardian.com

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