Flutter Entertainment’s deal struck in 2019 and finalized in 2020 to acquire The Stars Group, the parent company of international iPoker powerhouse PokerStars and lesser mobile sportsbook FOX Bet, came with some delayed costs.
The Dublin-based gambling company settled the commonwealth of Kentucky’s suit against PokerStars for $300 million in September 2021. On Monday, Flutter agreed to a $4 million settlement with the U.S. Securities and Exchange Commission over The Stars Group allegedly violating foreign bribery law with payments to Russia-based consultants from 2015-2020.
All of these costly actions by PokerStars and The Stars Group predated Flutter’s purchase of the company.
