Wednesday, October 2nd, 2019 11:11am

Reports suggest gaming giant may be looking elsewhere

Reports suggest the Stars Group, parent company of PokerStars, could be leaving the Isle of Man.

Plans have emerged to create the “world’s biggest online betting and gaming firm,” by merging the Stars Group with Flutter, which owns Paddy Power and Betfair.

The company has said the group as a whole will eventually have its headquarters in Dublin.

Flutter shareholders will own around 54.6% of the new company, while The Stars Group’s shareholders will own the rest.

It said the two groups’ combined revenue would have been £3.8bn in 2018, larger than any other gambling and gaming company worldwide.

Source: manxradio.com