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Flutter Entertainmnt (FLTR)

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Wednesday 22 September, 2021

Flutter Entertainmnt

Update on Kentucky

RNS Number : 5279M
Flutter Entertainment PLC
22 September 2021
 

 

22 September 2021

 

Flutter Entertainment plc ("Flutter" or "Group")

Update on Kentucky legal proceedings

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

Further to the announcement of 25 March 2021 the Group today announces that the legal dispute between Flutter and the Commonwealth of Kentucky has now been settled in full.

The key elements of the settlement are as follows:

· Flutter agrees to pay $200 million to the Commonwealth of Kentucky in addition to $100 million previously forfeited to the Commonwealth as part of the supersedeas bond in the case.

· In return, the Commonwealth of Kentucky has agreed to cease all further actions with respect to the case.

The Group strongly believes that this agreement is in the best interests of Flutter shareholders. The Group now considers the matter closed.

 

Contacts:

Investor Relations:

David Jennings, Group Director of Investor Relations & FP&A

+ 353 87 951 3560

Ciara O'Mullane, Investor Relations

+ 353 87 947 7862

Liam Kealy, Investor Relations

+ 353 87 665 2014

Press:

Fi Thorne, Corporate Affairs

Lindsay Dunford, Corporate Affairs 

+ 44 75 2111 4787

+ 44 79 3197 2959

Billy Murphy, Drury / Porter Novelli

+ 353 1 260 5000

James Murgatroyd, Finsbury

+ 44 20 7251 3801

 

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