Flutter Entertainment Faces Legal Battle, Virtue Poker Prepares for Launch

Flutter Entertainment, the parent company of gambling giants Betfair, The Stars Group, and Paddy Power, is facing a legal battle with Rupert Murdoch’s Fox over stock prices following a merger deal. Fox is demanding the option of raising its stake up to 18.6% on the same terms as the first purchase, which would equate to approximately a 40% discount on the current value, worth around $1bn. Flutter claims that the deal was agreed to go ahead at the July 2021 price.

Virtue Poker, an ethereum-based poker site, has completed a strategic investment round of $5 million and is eyeing up May for a full launch. The company claims to be the only blockchain-based company to be licensed by Malta's gambling regulator. Virtue Poker has a secret weapon working with their marketing department: superstar Phil Ivey. “I’ve been working with the Virtue Poker team for nearly 3 years, watching them build a next generation poker platform,” Ivey said. “Using a blockchain based system creates a more secure and globally accessible payment system. I’m excited to continue my partnership with the Virtue Poker team and work to bring the platform to poker communities worldwide.”

In Nevada, Gov. Steve Sisolak has announced that the state’s casinos may be ready to open at full capacity on June 1st. All social distancing requirements are expected to be cancelled by May 1st if the pandemic situation continues to improve at this rate. Wynn Resorts will insist on a policy for both of its properties in the city, requiring employees to either be vaccinated or tested on a weekly basis. Bally’s Corp, has bought the Tropicana Las Vegas Hotel and Casino for $150 million. The deal only concerns the operational side of the business and not the property outright.