PokerStars Owner Enters $4 Million Settlement With U.S. Over Russia Payments – WSJ

The owner of PokerStars and other popular gambling brands will pay $4 million to settle U.S. allegations that the handling of payments to Russia-based consultants violated foreign bribery law.

Flutter Entertainment PLC, the Dublin-based owner of FanDuel, Paddy Power and other brands, entered into a settlement with the U.S. Securities and Exchange Commission over alleged violations by PokerStars’ previous owner, the Stars Group. Flutter bought that Toronto-based company in 2020.

The SEC, which announced the settlement Monday, said the Stars Group paid about $8.9 million to Russia-based consultants as it pushed for the legalization of poker in that country. The alleged payments were made between 2015 and 2020.

Source: PokerStars Owner Enters $4 Million Settlement With U.S. Over Russia Payments – WSJ