Flutter Entertainment settles legal dispute with Commonwealth of Kentucky

Writer,

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Gambling company Flutter Entertainment said it had settled the legal dispute with Commonwealth of Kentucky.

Under the settlement deal, 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 supersedeas bond in the case.

In return, the Commonwealth of Kentucky had agreed to cease all further actions with respect to the case.