Flutter Entertainment, the Irish bookie and FTSE 100 roll-up concocted out of Paddy Power, Betfair and The Stars Group, has been spreading its tentacles deeper into Australia’s wretched gambling scene.

Due to the merger between Flutter and The Stars Group, the combined revenue of subsidiary outfits Sportsbet and BetEasy has overtaken Tabcorp as the dominant local betting shop, controlling roughly 50 per cent of the country’s punting take ($1.72 billion of revenue from almost $16 billion worth of bets in 2021).