The legal action by the US state of Kentucky against The Stars Group has ended in a Kentucky Supreme Court judgement in favour of the state.
The action was originally brought in 2010 against TSG before it was combined into the Flutter Group. The court reinstated an award of damages against TSG made in 2015 by a trial court judge.
The ruling had subsequently been vacated by the Court of Appeals in 2018. The result of the Supreme Court ruling is that the $870m judgement made against TSG has been reinstated with compounding interest of 12 per cent per annum. The GGR that TSG generated in Kentucky during the relevant period was $18m.
Flutter said in a statement yesterday that there are a number of legal processes available to it and Flutter is confident that any amount it ultimately becomes liable to pay would be a limited proportion of the reinstated judgement.
The company added that it was "wholly surprised by the ruling and strongly disputes the basis of this judgement which, it believes, runs contrary to the modern US legal precedent. This litigation had sought recovery of alleged losses by Kentucky residents during a period between 2006 and 2011, relying on a centuries-old statute."
Flutter said that it is now taking legal advice on its position and emphasises that no liability was previously recognised by either TSG or Flutter in relation to this matter.
