Flutter: Paddy Power owner stock sinks after gambler winnings Business Flutter, the gambling giant owner of Paddy Power and Betfair, has upgraded its profit guidance despite missing analyst forecasts in the first three months of 2025. The gambling giant failed to meet expectations on revenue and profit after the US March Madness college basketball series saw a number of favourites win out, it revealed in [...]
Can Super League use Las Vegas and NRL to turbocharge English rugby league? Sport Business The Super League is venturing to Las Vegas to piggyback on the NRL. But can it help to turbocharge rugby league in England? “It’s fantastic, I’ve watched a couple of the games. They’re proper hard players, and maybe they deserve that little bit more publicity. They’re spreading the word.” Those were the thoughts of Manchester [...]
Flutter: Paddy Power owner loses over £300m on bad US bets betting Flutter, the gambling giant owner of Paddy Power, has downgraded its revenue estimates for 2024 by $390m (£312m) after a period of “very unfavourable US sports results”. In a stock exchange notice, the Fanduel owner reported that November and December had seen a surge in unfavourable results for the bookie, especially in American football parlay [...]