Flutter Entertainment : Australian Competition &Consumer Commission update
February 18, 2020 at 12:33 pm IST
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Flutter Entertainmnt - FLTR
Australian Competition &Consumer Commission update
Released 07:00 18-Feb-2020
RNS Number : 2729D
Flutter Entertainment PLC
18 February 2020
18 February 2020
Flutter Entertainment plc
Australian Competition and Consumer Commission Update
Flutter Entertainment PLC confirms that it has received notification from the Australian Competition and Consumer Commission that its proposed combination with The Stars Group Inc. has been granted informal approval.
The proposed transaction remains subject to approval by the Australian Foreign Investment Review Board as well as further international regulatory bodies.
For queries, please contact:
David Jennings, Corporate Finance & Investor Relations
+353 87 951 3560
Ciara O'Mullane, Investor Relations
+353 87 987 7862
Liam Kealy, Investor Relations
+353 87 665 2014
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Australian Competition &Consumer Commission update - RNS
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Flutter Entertainment plc published this content on 18 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 February 2020 07:02:06 UTC
Flutter Entertainment plc is one of Ireland's leading sports and non-sports betting companies. Net sales break down by activity as follows:
- management of sports betting (55.8%): including horse and dog races, football and rugby matches, golf tournaments, etc.;
- management of non-sports betting (39.2%): casino games, lotteries, bingo, etc.;
- other (5%).
Net sales are distributed geographically as follows: Ireland (2.6%), the United States (37.2%), the United Kingdom (23.2%), Australia (12.3%), Italy (11.5%) and other (13.2%).