The owners of FanDuel and PokerStars have struck a $12 billion deal to create the world's biggest online betting group

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The owners of FanDuel and PokerStars have struck a $12 billion deal to create the world's biggest online betting group
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Flutter Entertainment and The Stars Group earned a combined $4.7 billion in revenue last year, and boast 4 million active users around the world.

. Flutter and The Stars Group, which generated combined revenues of $4.7 billion last year, plan to offer gambling products such as online sports betting, fantasy sports, and online poker. The pair expect the merger to generate about $170 million in pre-tax cost savings, and boost Flutter's underlying earnings per share by 50% the year after the deal closes. Watch Flutter and The Stars Group trade live. .

. Flutter and The Stars Group, which generated combined revenues of $4.7 billion last year, plan to offer gambling products such as online sports betting, fantasy sports, and online poker. The pair expect the merger to generate about $170 million in pre-tax cost savings, and boost Flutter's underlying earnings per share by 50% the year after the deal closes. Watch Flutter and The Stars Group trade live. .

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