Giant online gambling merger

Today, Tuesday 5th May 2020 is the dawn of a huge online betting merger.  Flutter the owner of Betfair & Paddy Power merged with The Stars Group, which owns Pokerstars & SkyBet.  The newly formed company will be known as Flutter.  The Merger was given the go ahead by the Competition & Markets Authority in March of this year.  The company is hoping for £140 million in cost savings with the merger and is seeking to expand in new markets.  This means Flutter has access to over 100 international markets and has a 38% share of the UK online betting market.

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