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Flutter settles Kentucky court ruling for $200 million By Reuters

by Mike Robinson

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© Reuters.

DUBLIN, (Reuters) – Flutter agreed to pay $200m to Kentucky to resolve an $870M judgment that was reinstated last year. The Fanduel parent of PokerStars said Wednesday.

Flutter stated last year that the original damages award against The Stars Group (NASDAQ 🙂 was issued in 2015. It was based on losses allegedly incurred by PokerStars players in Kentucky between 2006 and 2011. The Stars Group was purchased in a $6Billion deal in 2019. The total amount was canceled in full by The Kentucky Court of Appeals in 2013.

Plaintiffs were seeking to recover alleged losses suffered by PokerStars players from Kentucky between 2006-2011. Flutter claimed that the Stars Group relied upon a centuries-old statute to permit individuals who have suffered gaming losses to file a lawsuit against their counterparts.

Flutter claimed that the Commonwealth of Kentucky agreed to stop all other actions related to this case, and it considered the matter closed.

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