An Ireland-based gaming and sports activities betting firm pays a $4 million advantageous to resolve expenses associated to funds made to Russian consultants by an organization it acquired violated the Foreign Corrupt Practices Act (FCPA).

Flutter Entertainment agreed to stop and desist from future violations as a part of the settlement it reached with the Securities and Exchange Commission (SEC). The firm neither admitted nor denied the company’s findings.

Flutter acquired The Stars Group (TSG), a Canadian-based gaming and sports activities betting firm, in May 2020. TSG bought PokerStars and several other different on-line gaming manufacturers from Oldford Group in 2014. As a part of TSG’s acquisition of Oldford, it inherited Oldford’s Russian operations in addition to sure Russian-based consultants, the SEC mentioned in its order filed Monday. PokerStars operated in a “gray market” in Russia, the SEC mentioned, the place poker is neither authorized nor expressly prohibited.