Compliance Updates

UK’s CMA to Investigate Flutter–Stars Gambling Deal

Published

5 years ago

February 7, 2020

Niji Narayan

The Stars Group Shareholders Approve Flutter Combination

Reading Time: < 1 minute

The UK’s Competition and Markets Authority (CMA) is going to review the £10 billion (€11.8 billion) merger between Flutter Entertainment and The Stars Group.

The Authority said it would investigate whether the deal would result in a “substantial lessening of competition” in the UK gambling market.

An investigation into the deal between Flutter and Stars, which was announced in October, had been expected by some, given recent moves by the CMA to focus more on competition online.

Brands controlled by Flutter and Stars make up about 40% of the UK’s online sports betting market. Analysts estimated that the two companies control about 26% of the overall online gambling market in the UK.

The deal is expected to close in the second or third quarter of this year depending on the CMA’s findings and, if successful, will create the largest online betting operator in the world by revenue.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.