Flutter Entertainment has announced that the intended time and completion date of its acquisition of The Stars Group is 8am on 5 May 2020.

This follows receipt of shareholder approval from Flutter and TSG shareholders last week and the subsequent receipt of all remaining regulatory and competition authority clearances required.

The new Flutter Shares issued to TSG shareholders will be admitted to listing on the premium listing segment of the Official List of the Financial Conduct Authority and to the secondary listing on Euronext Dublin. Trading on the London Stock Exchange’s main market for listed securities and Euronext’s Dublin Main Securities Market will commence at 8am on Tuesday May 5.

Peter Jackson, Group Chief Executive, commented:“I am delighted to confirm that our transformational combination with The Stars Group will complete on 5 May. The enlarged Group brings together exceptional brands, products and businesses, a hugely talented and experienced team, and a diverse global presence. The strength of our combined portfolio of assets means that we approach the future with confidence in these uncertain times.  

Both businesses have a strong legacy of leadership when it comes to responsible gambling. As a combination, we are determined to deliver on our commitment to drive a race to the top when it comes to responsible gambling best practice across the sector. 

As we approach a new era for the enlarged Flutter Entertainment organisation, I wish to take this opportunity to acknowledge the huge contribution of Rafi Ashkenazi in creating the exceptional business that The Stars Group is today. He has been instrumental in transforming TSG from a single product operator to a diverse global leader with multiple product offerings. I know that his experience and expertise will bring valuable perspective to our Board as we bring our two businesses together.”