Betfair / Flutter group to merge with Canadian company

[Euler]

Breaking news: -

https://www.reuters.com/article/stars-g ... SFWN26N00K

Official release: -

https://www.flutter.com/sites/paddy-pow ... up-Inc.pdf

The stars group

http://www.starsgroup.com

[mcgoo]

What does this mean for the exchange..BF is banned in Canada from what I recall?

[callumth1]

What could this mean for SkyBet since Stars Group owns them?

[wearthefoxhat]

Breaking news: -

https://www.reuters.com/article/stars-g ... SFWN26N00K

Official release: -

https://www.flutter.com/sites/paddy-pow ... up-Inc.pdf

The stars group

http://www.starsgroup.com

Pokerstars is one of the stars group brand names and now Flutter own it, along with Skybetting and Gaming.

Pokerstars has over the last 2 years or so, morphed into a more speedy "grab your $$$" rinse and repeat process. The only real hope of "increasing" profit potential would be for the U.S. to allow a majority of their states to accept on line poker...not gonna happen anytime soon.

Companies like this merge as a form of protection/collaberation when there are difficult times ahead.

The shareholders on the Stars Group will benefit for sure.

[Emmson]

I would love Canada to come back as NBA markets were badly hit when they left.

[eightbo]

BFPP 55%
TSG 45%

[Naffman]

I remember when BFPP share price went up about 30% in a day a couple of months back, talk of a merger was denied, someone knew this was going to happen.

[Naffman]

Betfair PP now been given the green light to merge with company that owns SkyBet

[Euler]

Will be interesting to see what happens there.

Breon joined Paddy Power and Betfair at the hip and I don't think it's done them any favours.