In a gambling world where the big prize is global scale and a formidable foothold in America, Flutter Entertainment might just have put itself in a position to be able to climb on to the podium to receive it.
In one fell swoop at the start of this month the company lined itself up to be the world’s biggest online betting and gaming group by agreeing an all-share combination with the Canadian player Stars Group that valued the enlarged entity at £14.2 billion, including debt.
The deal gives Flutter Entertainment’s investors majority ownership of a new gaming force in areas from poker to sports betting that should comfortably generate annual revenues of at least £3.8 billion and provide streamlining cost-saving opportunities worth a good £140