Two of the biggest names in the world of online betting are coming together in a merger as they attempt to take advantage of the prospects in the United States after the Supreme Court has finally legalized sports betting.
Flutter Entertainment (PDYPF), owner of Irish gambling firm Paddy Power, is buying The Stars Group (TSG) of Canada, which owns the world's biggest poker site PokerStars as well as Sky Bet, for a total of $6 billion.
Read more » Flutter Entertainment Buys The Stars Group for $6B, Creating World's Largest Online Gambling Company
The boards of BetFair and Paddy Power have agreed on key terms of a possible merger to create Paddy Power Befair plc. The £5 billion merger would create one of the world's biggest listed online betting and gaming companies and be the marker leader in the United Kingdom.
