Flutter pays out $300M to settle PokerStars dispute with Kentucky
Bookmaker Flutter, the owner of Paddy Power and Betfair, has agreed to pay $200 million to the Commonwealth of Kentucky, in addition to a $100 already forfeited as a bond, in order to settle a legal dispute over online poker. In return, Kentucky agreed to drop all further actions with respect to the case.
Kentucky has been pursuing PokerStars for over a decade after accusing the site of letting Kentucky residents gamble on its site between 2007 and 2011. Flutter acquired PokerStars through its merger with the Stars Group last year.
The total $300 million dollar settlement is much lower than the $1.3 billion that Flutter had been ordered to pay by the Kentucky Supreme Court. The company then challenged the ruling in the US Supreme Court, but pursued a settlement alongside that process, saying that PokerStars had only made around $18 million in revenues from Kentucky during the period in question, reports the Evening Standard.
California's Pechanga Casino partners with The Venetian Las Vegas to offer shared benefits to guests
PENN debuts Multiplayer Blackjack on Hollywood Casino platform in New Jersey
Reno's J Resort announces $130 million expansion with new festival grounds, additional facilities
PENN debuts Multiplayer Blackjack on Hollywood Casino platform in New Jersey
Zitro launches new Merging Fu Pots slot game with variety of bonuses and features
GAT Caribe Cancun prepares for its debut edition in Mexico next week
SPiCE International 2024 to convene global iGaming leaders in Taipei
Casino Guru Awards introduces iGaming Changemaker of the Year category to honor industry innovators
