Betting, gaming company Flutter acquires majority stake in JungleeGames medianama.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from medianama.com Daily Mail and Mail on Sunday newspapers.
Paddy Power owner Flutter Entertainment has insisted that its retail business in Ireland and the UK has a future despite a continuing surge towards its online platforms as the pandemic keeps shutters down on bricks-and-mortar outlets.
Horatio Partners advises Junglee Games on a strategic investment from Flutter
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NEW YORK, March 2, 2021 /PRNewswire/ Flutter Entertainment plc, a global sports betting, gaming, and entertainment provider whose brands include Paddy Power, Betfair, Pokerstars, Sky Bet, Sportsbet, FOX Bet, FanDuel, TVG, and Adjarabet made a strategic majority investment in Junglee Games Inc., a fast growing skill games company whose brands include Junglee Rummy, Eatme.io, Junglee Teen Patti, and Howzat.
Horatio Partners served as exclusive financial advisor to Junglee Games and Michelman & Robinson LLP acted as legal counsel. Arthur Cox LLP acted as legal counsel to Flutter.
The Game Within
Niti Aayog s consultation paper on fantasy sports advocates self-regulation, but legal and regulatory uncertainties remain a drag for an industry that has the capacity to attract Rs 10,000 crore FDI in the next few years
Illustration by Raj Verma
Gaming apps are not new to run-in with the legal system. Take the latest Kerala High Court notice to some celebrities for endorsing these apps, or a November 2020 Madras High Court notice to BCCI chief Saurav Ganguly and Indian cricket team captain Virat Kohli for endorsing fantasy apps. The Madras High Court notice was in response to a plea filed by an advocate after a youth killed himself as a result of losing money on these applications.
The Game Within- Business News businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.