Flutter, Stars Revenue Surges Ahead Of Merger

Analysts on Thursday remained upbeat about the mega-merger of Flutter Entertainment and The Stars Group after both gaming operators reported strong increases in profit.

Revenue at Flutter, which includes Paddy Power and Betfair in its stable, jumped 10 percent year-on-year to £533m, with strong performances from Sportsbet in Australia and FanDuel in the United States.

Revenue at Poker Stars operator The Stars Group (TSG) climbed 8.8 percent for the three months to the end of September, driven by growth in Australia and the UK.

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