Further to the announcement of March 25, Flutter Entertainment has announced that the legal dispute between Flutter and the US state of of Kentucky has now been settled in full.
The key elements of the settlement are as follows: Flutter agrees to pay $200m to the Commonwealth of Kentucky in addition to $100m 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.
Flutter strongly believes that this agreement is in the best interests of Flutter shareholders. The group now considers the matter closed.
