🤑 Paddy Power and Poker Stars owners to create online gambling leader - Reuters

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The owners of Paddy Power and Poker Stars have agreed to merge in an all-​share deal to create one of the world's largest online betting and.


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Paddy Power and PokerStars owners agree £10bn tie-up. All-share takeover will create world's biggest online betting operator by revenue.


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The owners of Paddy Power Betfair and Poker Stars have agreed to merge in an all-share deal that will create the world's largest online betting.


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Graham Fahy.{/INSERTKEYS}{/PARAGRAPH} Flutter has sharpened its focus on North America as the potentially huge U. Technology News. {PARAGRAPH}{INSERTKEYS}TO , owner of Poker Stars, the companies said on Wednesday. Discover Thomson Reuters. The combined group will serve customers in more than countries. Directory of sites. Combined annual revenues would have totaled 3. The merger is the latest in a series of deals as the industry responds to the growing number of gamblers using online and mobile devices and the opportunity created by the relaxation of rules on sports betting in the United States. L were also lifted by the prospect of further consolidation. Betting exchange Betfair and Paddy Power, which runs high street betting shops as well as an online business, merged in , although the integration took longer than anticipated and a toll on product investment for a time. Shareholders in Flutter would own approximately The merged group will be boosted by a partnership in the United States with FOX Sports, which will have the right to acquire an Dublin-based Flutter merged its U. United States. Under the terms of the merger, TSG shareholders will be entitled to 0.