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Flutter Entertainment
NYSE-listed parent behind Paddy Power, Betfair, Sky Bet, Sky Vegas, Tombola and PokerStars in the UK.
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Get Bonus →Brands in this network
- Paddy Power
- Betfair
- Sky Bet
- Sky Casino
Corporate history and structure
Flutter Entertainment plc is one of the world’s largest online betting and iGaming groups by revenue, formed through the merger of Paddy Power and Betfair on 2 February 2016. The combined entity was initially called Paddy Power Betfair plc before rebranding to Flutter Entertainment plc in May 2019. Flutter’s ordinary shares are now listed solely on the New York Stock Exchange (NYSE: FLUT) after its London Stock Exchange listing was cancelled on 3 August 2026. The group remains registered in Ireland, with its registered office in Dublin and operational headquarters in New York.
The company has grown through a series of high-profile acquisitions. The original Paddy Power–Betfair merger in 2016 combined two of the UK and Ireland’s most recognised betting brands. In 2018, Flutter acquired Sky Betting and Gaming from CVC Capital Partners, bringing Sky Bet, Sky Vegas, Sky Casino, Sky Poker, and Sky Bingo into the group. The transformational acquisition of The Stars Group in May 2020 added PokerStars, Full Tilt, BetStars, and FOX Bet to the portfolio. In 2022, Flutter completed the acquisition of Tombola, one of the UK’s largest online bingo operators, and Sisal, Italy’s largest gaming company.
The current group operates through several reporting segments: UK and Ireland (Paddy Power, Betfair, Sky Betting and Gaming, Tombola), US (FanDuel), Australia (Sportsbet), and International (PokerStars, Sisal, Adjarabet). For UK sister-site research, the critical insight is that all UK-facing brands operate under the same corporate parent, meaning their compliance records, responsible gambling frameworks, and regulatory standing are interconnected.
For 2024, Flutter reported revenue of $14.048 billion, employed 27,345 people across 27 countries at year end, and served an average of 15.9 million monthly players across more than 100 countries. Those figures explain why its UK sister-site map is broader than a single casino brand page.
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2016Paddy Power + Betfair mergePaddy Power Betfair plc formed
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2018Sky Betting & Gaming acquiredSky Bet, Sky Vegas, Sky Casino join the group
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2019Rebrand to Flutter EntertainmentCompany name changed in May 2019
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2020The Stars Group acquiredPokerStars, BetStars, FOX Bet added
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2022Tombola acquiredUK's largest bingo operator joins Flutter
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2022Sisal acquiredItaly's largest gaming company added
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2024NYSE primary listingFlutter reports $14.0B revenue
UKGC licences held
Flutter Entertainment plc itself does not hold a UK Gambling Commission operating licence directly. The UKGC licences are held by individual subsidiary companies within the group, each authorised to offer specific types of gambling services to consumers in Great Britain. This is standard practice for large multi-brand operators where different legal entities hold licences for different product verticals and consumer brands.
The key UK licence holders in the Flutter group include PPB Entertainment Limited and PPB Counterparty Services Limited, which operate the Paddy Power and Betfair brands. Betfair Casino Limited holds separate casino permissions. TSE Malta LP is associated with The Stars Group entities operating PokerStars in the UK. Sky Betting and Gaming entities hold licences covering Sky Bet, Sky Vegas, Sky Casino, Sky Poker, and Sky Bingo. Tombola operates under its own UKGC licence following the 2022 acquisition.
Each of these entities is separately listed on the Gambling Commission’s public register with individual account numbers, licence conditions, and compliance histories. If the practical question is “who supplies Paddy Power?”, split the answer carefully: the operating and licence trail runs through PPB entities, while game studios, payment providers and platform services may vary by product. Supplier names do not prove ownership; the public register and company filings carry more weight. However, because these licensees sit under Flutter Entertainment plc, any enforcement action against one entity reflects on the wider group and is relevant to every brand in the portfolio.
| Entity | Brands covered | Licence types |
|---|---|---|
| PPB Entertainment Limited | Paddy Power, Betfair | Remote Casino, Betting, Bingo |
| PPB Counterparty Services Limited | Paddy Power, Betfair | Remote Betting (exchange) |
| Betfair Casino Limited | Betfair Casino | Remote Casino |
| TSE Malta LP | PokerStars | Remote Casino, Poker |
| Sky Betting & Gaming entities | Sky Bet, Sky Vegas, Sky Casino, Sky Poker, Sky Bingo | Remote Casino, Betting, Bingo |
| Tombola (International) plc | Tombola | Remote Bingo, Casino |
Flutter Entertainment Companies House trail
The Flutter Entertainment Companies House trail is slightly different from the consumer-brand view. People searching Companies House will usually find UK subsidiaries first, not the Irish parent company. Flutter Entertainment UK Limited (company number 15883670) is an active UK company incorporated on 7 August 2024 and registered at One Chamberlain Square, Birmingham, B3 3AX. Betfair Limited (company number 5140986) is registered at the same Birmingham address and serves as one of the primary UK operating entities.
Power Leisure Bookmakers Limited is part of the Paddy Power operating trail in the UK and Ireland, with an Irish branch registered at Belfield Office Park in Clonskeagh, Dublin. PPB Entertainment Limited is registered in Malta (company number C39499) at Level 2, Spinola Park, Triq Mikiel Ang Borg, St Julians, but operates UK-facing services under its UKGC licence. For the player-facing page, see the Paddy Power sister sites profile.
The corporate ownership chain traces from each UK-facing brand through its immediate operating entity, up through intermediate holding companies, to Flutter Entertainment plc as the ultimate parent. Flutter Entertainment plc is incorporated in Ireland (company number 16956) with its registered office at Belfield Office Park, Beech Hill Road, Clonskeagh, Dublin, D04 V972. That is why a Companies House result should be read together with the UKGC account behind the specific site rather than treated as a full ownership answer on its own.
For sister-site research, the Companies House trail confirms that brands which appear independent to consumers — Paddy Power, Betfair, Sky Bet, Tombola — are all ultimately controlled by the same corporate parent. The registered addresses, director appointments, and annual filings provide independently verifiable ownership evidence, while the Gambling Commission register confirms which entity is licensed to serve the UK-facing domain.
Flutter Entertainment plcIrish parent, NYSE listed, Dublin registered
PPB Entertainment Ltd (Malta)Paddy Power + Betfair brands
Betfair Limited (UK)Betfair Casino, registered Birmingham
Sky Betting & GamingSky Bet, Sky Vegas, Sky Casino
Tombola (International) plcTombola bingo and casino
TSE Malta LPPokerStars UK operations
Compliance and enforcement history
Flutter’s UK compliance record includes a notable enforcement action in late 2025. The Gambling Commission reached a 2 million pound regulatory settlement with four Flutter-owned licensees — PPB Entertainment Limited, PPB Counterparty Services Limited, Betfair Casino Limited, and TSE Malta LP — operating under the Paddy Power and Betfair brands. The settlement related to social responsibility failures in customer interaction processes.
The Commission found that the licensees’ systems were not sensitive enough to identify indicators of harm in a timely manner. In several documented cases, customers deposited or lost significant amounts before being identified for review or intervention. One customer deposited 12,000 pounds over a 15-day period before being flagged. Another deposited 25,000 pounds in 25 days before being contacted. A third staked 86,000 pounds over 16 days with no manual review of the account.
The Commission noted mitigating factors: Flutter implemented a remedial action plan promptly, cooperated fully with the investigation, and accepted the failings at an early stage. Flutter stated that it has since introduced a next-generation customer safety platform with the majority of checks now happening in real time.
This enforcement record is relevant to every brand in the Flutter UK portfolio. Because the settlement was reached with entities operating Paddy Power and Betfair specifically, but the corporate parent is the same company that operates Sky Bet, Tombola, and PokerStars in the UK, the compliance culture and systems described in the enforcement action apply to the wider group. An improvement in harm-detection systems at the corporate level benefits all brands equally.
December 2025: £2M regulatory settlement with the Gambling Commission. Four Flutter licensees under Paddy Power and Betfair brands. Failures in social responsibility and customer interaction timing. Flutter cooperated fully and implemented remedial measures.
Sister site map
Flutter operates one of the largest networks of sister sites among UK-licensed operators. Every brand listed below is a confirmed sister site — they share the same ultimate corporate parent (Flutter Entertainment plc), are governed by the same group compliance framework, and their regulatory standing is interconnected through the parent company. The same logic connects the Betfair sister sites trail to Paddy Power and the Sky-branded casino pages.
For UK players, the practical implications are significant. A self-exclusion request through the national scheme should apply across all Flutter brands because the restriction is enforced at the operator level. Bonus eligibility and account-level risk monitoring may be shared across brands within the same corporate group. A compliance failure at one brand can trigger regulatory scrutiny of the entire group.
All 10+ brands above are confirmed Flutter sister sites. They share one corporate parent, interconnected UKGC licences, and a unified compliance framework. A regulatory action against any Flutter entity is relevant to every brand in this network.
Frequently Asked Questions
Flutter Entertainment plc is a publicly listed company incorporated in Ireland and now listed solely on the New York Stock Exchange. It was formed through the merger of Paddy Power and Betfair in 2016 and has since acquired Sky Betting and Gaming, The Stars Group (PokerStars), Tombola, and Sisal. Peter Jackson serves as CEO and John A. Bryant as chairman. Flutter reported revenue of $14.048 billion in 2024 and employed 27,345 people across 27 countries at year end.
Yes. Flutter operates the largest network of sister sites among UK-licensed operators. UK-facing brands include Paddy Power, Betfair, Betfair Casino, Sky Bet, Sky Vegas, Sky Casino, Sky Poker, Sky Bingo, Tombola, and PokerStars. All of these brands are wholly owned by Flutter Entertainment plc and operate under UKGC licences held by Flutter subsidiary companies.
Flutter Entertainment plc itself does not hold an operating licence. The licences are held by subsidiary companies including PPB Entertainment Limited, PPB Counterparty Services Limited, Betfair Casino Limited, TSE Malta LP, and Sky Betting and Gaming entities. Each subsidiary is separately listed on the Gambling Commission's public register with active licences covering remote casino, betting, bingo, and poker services.
No. Two casinos accepting the same payment methods such as Visa, Mastercard, or PayPal does not indicate a corporate connection. Hundreds of unrelated casinos accept identical methods through separate provider agreements. The relevant indicator is the payment processing entity on a bank statement, not which methods appear on the deposit page. For Flutter brands, the processing entities are PPB Entertainment Limited and related subsidiaries.
At multi-brand operators like Flutter, bonus eligibility and account monitoring may be shared across brands under the same corporate group. A player who has claimed a welcome bonus at Paddy Power may be ineligible for a welcome offer at Betfair or Sky Bet because all three brands are operated by Flutter subsidiaries. Players should check individual bonus terms for cross-brand restrictions before registering.
This page is reviewed when new information becomes available, including changes to the Gambling Commission public register, new Companies House filings, corporate acquisitions, enforcement actions, or the launch of new brands under the Flutter group. The most recent review date is displayed at the bottom of the page.