Defendant Name:
Flutter Entertainment and plc as successor-in-interest to The Stars Group, Inc.
Defendant Type:
Public Company
SIC Code:
9999
CUSIP:
85570W10
Document Reference:
34-97044
Document Details
Legal Case Name
In the Matter of Flutter Entertainment plc, as successor-in-interest to The Stars Group, Inc.
Document Name
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
Document Date
06-Mar-2023
Document Format
Administrative Proceeding
AAER
4384
Allegation Type
Foreign Corrupt Practices Act
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$4,000,000.00
Shared:
