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KY Supreme Court restores $870m Stars Group judgement
17th December 2020
| By Robin Harrison
Flutter Entertainment said it was “wholly surprised” by the Kentucky Supreme Court’s decision to reinstate a $870m judgement related to legacy activities of The Stars Group, that had been quashed by the state’s Court of Appeals in 2018.
It remains confident that it can reduce the sum owed on appeal, the operator added, after the Supreme Court resurrected the fine that was first issued in 2015 against The Stars Group, acquired by Flutter in May this year.
The reinstatement saw the court add compounding interest at a rate of 12% per annum to the sum owed.