Merger between Flutter and TSG has no disadvantages for customers
The CMA’s investigation focused in particular on whether the merger could offer customers who want to place bets online less favorable odds, less generous promotions, or poorer quality products.
Online betting companies competed strongly for customers, the CMA found. In addition to Flutter and TSG, there are a number of providers, for example bet365, GVC Holdings and William Hill, with which the players also opened accounts.
Although the merged companies worked closely together, this did not have a negative impact on the online betting offer in the opinion of the authority.
Peter Jackson, CEO of Flutter, comments:
“Today’s announcement of the CMA marks another important milestone on the way to completing our proposed merger with The Stars Group. We continue to work with the remaining international regulators to obtain the latest of the pending approvals. […] “
TSG also welcomed the market regulator’s decision and stated in its press release that TSG and Flutter continued to work on completing the merger.
The next steps include approval by Flutter and TSG shareholders, the UK tax authorities, and approvals from the London Stock Exchange and Euronext Dublin to complete the process.