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��S t a r G r o u p , w h i c h o w n s o n l i n e p o k e r g i a n t P o k e r S t a r s , i s m e r g i n g w i t h F l u t t e r E n j o y m e n t .
T h e $ 1 2 b i l l i o n d e a l w a s a n n o u n c e d T u e s d a y m o r n i n g . A n y b o d y u n f a m i l i a r w i t h F l u t t e r m a y b e f a r m o r e f a m i l i a r w i t h s o m e o f t h e g a m b l i n g g i a n t s i t o w n s , n a m e l y P a d d y E n e r g y , B e t f a i r a n d F a n D u e l .
B y m e r g i n g , t h e t w o o r g a n i z a t i o n s w i l l f o r m 1 o f t h e g r e a t e s t o n t h e i n t e r n e t g a m b l i n g c o m p a n i e s i n t h e g l o b e . U n d e r n e a t h t h e a l l - s h a r e d e a l t h e U n i t e d k i n g d o m - l i s t e d F l u t t e r w i l l s o a k u p t h e T S X - p r i m a r i l y b a s e d S t a r s G r o u p a n d g a i n m a n a g e o f j u s t b e n e a t h 5 5 p e r c e n t o f t h e n e w o r g a n i z a t i o n .
T h e b a l a n c e o f t h e s h a r e s w i t h b e r e t a i n e d b y S t a r s G r o u p s h a r e h o l d e r s .
T h e m e r g e r i s a n t i c i p a t e d t o b e f i n i s h e d n e a r t h e m i d d l e o f 2 0 2 0 , i f i t r e c e i v e s r e g u l a t o r y a p p r o v a l i n t h e s e v e r a l j u r i s d i c t i o n s t h e p r e v i o u s c o m p a n i e s r e s i d e .
T h e n e w b i g c o m p a n y , t o b e k n o w n a s F l u t t e r , w i l l b e p r i m a r i l y b a s e d o u t o f D u b l i n , I r e l a n d . R e c e n t F l u t t e r C E O P e t e r J a c k s o n w i l l r e t a i n t h a t p o s i t i o n i n t h e n e w e n l a r g e d o r g a n i z a t i o n . F l u t t e r C F O J o n a t h a n H i l l w i l l a l s o r e t a i n h i s p o s i t i o n , e v e n t h o u g h e x i s t i n g S t a r s G r o u p C E O R a f i A s h k e n a z i w i l l t u r n o u t t o b e t h e n e w C O O a t F l u t t e r .
T h i s i s t h e l a t e s t i s a s e r i e s o f h u g e m o v e s a n d a c q u i s i t i o n b y F l u t t e r , w h i c h w a s d e v e l o p e d f o l l o w i n g t h e m e r g e r o f P a d d y E l e c t r i c a l p o w e r a n d B e t f a i r i n 2 0 1 5 . F l u t t e r w e n t o n t o o b t a i n F a n D u e l ' s U S o p e r a t i o n s i n 2 0 1 8 .
W i t h t h e o n - l i n e a n d s p o r t s b e t t i n g i n d u s t r y s l o w l y o p e n i n g u p i n t h e U n i t e d S t a t e s i n t h e l a s t c o u p l e o f y e a r s i t w i l l b e i n t e r e s t i n g t o s e e w h a t t h i s d e a l m e a n s f o r t h e f u t u r e o f P o k e r S t a r s i n t h e U S .
O f p r o g r a m , t h e o n g o i n g s a g a a l l a r o u n d t h e W i r e A c t o p i n i o n c o u l d a l s o b e a b i g a s p e c t i n t h e l o n g t e r m o f P o k e r S t a r s a n d t h e i r n e w p a r t n e r s i n t h e U S m a r k e t p l a c e a s e f f e c t i v e l y .
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