On October 2, 2019, The Stars Group Inc. and Flutter Entertainment announced that they had entered into an agreement to merge through an acquisition of The Stars Group Inc. by Flutter Entertainment pursuant to a plan of arrangement. The Stars Group Inc.’s business combination with Flutter Entertainment plc is expected to create one of the world’s largest online betting and gaming companies having an enterprise value exceeding $15 billion. The combined group will serve customers in over 100 countries globally with the combined offerings of the Pokerstars, Sky Bet, Paddy Power, Betfair and FanDuel brands. On completion, Flutter Entertainment plc shareholders would own approximately 54.64% of the combined group, and The Stars Group Inc. shareholders about 45.36%.
The Stars Group Inc. is a Canadian-based global leader in the online and mobile gaming and interactive entertainment industries, entertaining millions of customers across its online platform.
Osler, Hoskin & Harcourt LLP acted as Canadian tax and corporate counsel to The Stars Group Inc. with a team led by Manon Thivierge (Tax) and consisting of Eric Levy (Corporate), Patrick Marley (Tax), Christopher Sheridan (Tax) & Dov Begun (Tax).