Betting giant Flutter falls to €345m loss on Stars Group merger costs

Flutter lost £288 million last year after £543 million non-cash charges stemming from its merger with Canada’s The Stars’ Group in May 2020.

On average 7.6 million players had signed up to its websites, including Paddy Power, Betfair and Fanduel in the US, last year, against 6.1 million in 2020. A doubling of marketing costs to £663 million in the US left its operations there with a loss of £289 million last year, 40 per cent more than in 2020.

Flutter says it is monitoring the Russia-Ukraine war carefully. The two countries between them contributed a total of £60 million revenues last year.

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