Flutter Entertainment has agreed to pay the Commonwealth of Kentucky $300 million to settle the legal dispute involving PokerStars.
In a statement to the London Stock Exchange, Flutter informed investors of the $300 million settlement.
"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 supersedes bond in the case.