Shares in Paddy Power firm rise 4% as it settles multi-million dispute in Kentucky

Shares in Flutter -- which owns Paddy Power, PokerStars and Fanduel in the US -- rose 4% in the session to bring its gains to 10% since the start of the year

Paddy Power-owner, Flutter has agreed to pay $200m (€170.5m) to the Commonwealth of Kentucky in addition to $100m previously forfeited to settle an $870m judgement reinstated last year. 

Shares in Flutter -- which also owns PokerStars and Fanduel in the US -- rose 4% in the session to bring its gains to 10% since the start of the year, valuing the international firm at €32.3bn. The shares have also been helped by a new round of dealmaking in the US.