BetEasy & Sportsbet In A Flutter

Michael Kruse / 3 October 2019



Nothing! In the coming weeks, simply login to your BetEasy or Sportsbet account and they will take it from there.

You’ll discover that many of the best features from your BetEasy account will be available at Sportsbet so you’re ready to go!

There are more changes afoot for the Australian online wagering market, with the recent announcement that Sportsbet and Beteasy will merge.

This comes on the back of a merger deal, uniting the British/Irish based Flutter Entertainment Group along with the Canadian backed Stars Group.

Flutter is the union of two British giants of the wagering industry: Paddy Power and Betfair UK.

Paddy Power was the sole owner of the Sportsbet brand in Australia prior to their merger with Betfair UK.

Stars Group meanwhile is the brains and brawn behind Beteasy, after acquiring a significant shareholding after the acquisition and merger of the William Hill and Crown Bet brands during early 2018.

Only when the fine detail and nuts and bolts have been locked down, will we see an eventual merger of Beteasy and Sportsbet.

The shareholding split for the new venture will see Flutter hold an approximate 55% holding while Stars Group will hold approximately 45%

The merger will impact on nearly 4 million customers in many overseas markets, though it is expected to have a large following in the very active Irish and British wagering market, which commands 49% global market share.

Australia, with only the Sportsbet and Beteasy brands being the only two of note, take up only 15% of the global market.

A Word From The Big Boys

Gary McCracken, chairman of Flutter Entertainment had this to say about the forthcoming merger.

“This is an exciting and transformational combination that will bring together two strong, complementary businesses to create a global leader in the fast-growing online sports betting and gaming industry,”.

“Under Peter Jackson’s leadership (Flutter CEO) we will bring together a management team with the experience required to ensure a successful integration of the businesses, with minimal disruption, during a time of unprecedented change in the sector.”

The announcement, which came on Wednesday 2nd October has caused great upheaval in the UK, where the merger is expected to corral 40% of the online wagering business to the new venture, whilst becoming the largest online wagering business in the world, valued at $10 billion.

What Next?

It won’t be all plain sailing as there are few hurdles and hoops to negotiate into 2020.

1) shareholders on both sides of the fence need to vote on the merger during the second quarter of 2020.

2) regulators, particularly in the UK will be all over the detail in the months ahead, and won’t make the process easy.

The merger has been driven by what appears to be three key factors in deciding upon a future direction. These are:

1) an increased participation in the North American market (currently it sits at 5% on a combined list of Flutter/Stars Group brands) with an emphasis on new and existing products. These products include fantasy betting, something which hasn’t really taken off in Australia to the same degree.

2) the need to diversify to North America considering the high tax ratios in Britain, Ireland and Australia, as well as regulatory hurdles.

3) the incentive to bring FOX Sports (US) into the equation, after they launched their FOX bet Sports Betting platform in the US last month. This platform also has Stars Group backing as well. The FOX Corp brings to the table Rupert Murdoch’s vast business empire.

There is much to digest, so expect to see more on this story in the weeks and months ahead

The verdant surroundings and rustic ambience of Warwick Farm lend a distinct racing charm. While racing takes held on 23 Wednesday afternoons, the Australia Day race meeting in January is the main event. The racecourse is at the centre of a community that ...

The Warrnambool Racecourse is located in the suburb of Warrnambool, in a picturesque valley with great natural viewing platforms. Warrnambool Racecourse is around 260 kilometres from Melbourne’s CBD.

Terang Racing Club, sometimes known as the Flemington of the Bush, has a long and rich history of racing in the southwest. The expansive course was designed by the same person who created the Flemington track. The facilities include a well-kept, vast grandstand with a...

Swan Hill Racecourse is located in the centre of the Murray Region, 340 kilometres from Melbourne.Swan Hill Racecourse June racing festival has earned a name for itself as the best country festival in the state, if not the entire nation. The advice is to book as soon as ...

Sale Racecourse has first-rate facilities, including a wholly climate-controlled Public Bar and Grandstand Bar open on race days.The take pleasure in being a community club that includes our surrounding townships. Because of their family-friendly ambience and specific ...

Michael Kruse
Michael loves all things all horse racing and has been in the game for quite some time. His knowledge in the betting space is second... [Read full bio]

Comments are closed.

Think. Is this a bet you really want to place? Set a deposit limit.

For free and confidential support call 1800 858 858 or visit