Fox Ups Stake In Online Gaming, Betting Power Flutter

Fox Corp is increasing its stake in Flutter Entertainment, the world’s largest online gaming company. Flutter, parent of betting platforms Betfair, Padd. yPower and FanDuel, also acquired The Stars Group (TSG) last October. Fox purchased a nearly 5% interest in TSG in May 2019 for $236 million, to pump up its Fox Bet sports betting platform. That platform is currently available in New Jersey, Pennsylvania and Colorado, with plans to roll out across the country as more states legalize online sports betting. Now, Flutter is selling 8.

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