Defendant Name: Flutter Entertainment and plc as successor-in-interest to The Stars Group, Inc.

Defendant Type: Public Company
SIC Code: 9999
CUSIP: 85570W10

Initial Case Details

Legal Case Name In the Matter of Flutter Entertainemnt plc, as successor-in-interest to The Stars Group, Inc.
First Document Date 06-Mar-2023
Initial Filing Format Administrative Action
File Number 3-21330
Allegation Type Foreign Corrupt Practices Act
AAER 4384

Violations Alleged

Exchange Act
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)

Resolutions

First Resolution Date 06-Mar-2023
Headline Total Penalty and Disgorgement $4,000,000

Related Documents:

34-97044 06-Mar-2023 Administrative Proceeding
Corrected Order Instituting Cease-and-Desist Proceedings, Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
The Commission stated: "This matter concerns violations of the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act of 1977 (“FCPA”) by the Company. Between May 26, 2015 and May 15, 2020 while the Company’s shares were registered with the Commission (the “Relevant Period”), the Company paid approximately $8.9 million to consultants in Russia in support of the Company’s operations and its efforts to have poker legalized in that country. The Company failed to devise and maintain a sufficient system of internal accounting controls over its operations in Russia during the Relevant Period with respect to third party consultants, certain of which the Company retained without adequate due diligence or written contracts, and paid without adequate proof of services. The Company also failed to consistently make and keep accurate books and records regarding consultant payments in Russia, including by inaccurately recording certain payments as lobbying fees."
34-97044-s 06-Mar-2023 Administrative Summary
SEC Charges Pokerstars Parent Company with FCPA Violations
The SEC stated that: "[It] charged Flutter Entertainment, plc ("Flutter"), an Ireland-based global gaming and sports betting company and the successor-in-interest to The Stars Group, Inc.(the "Company"), with books and records and internal accounting controls violations arising out of the Company's use of third-party consultants in Russia."