Skip to content
City AM
Main navigation
Download free app
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Insurance
      • Square Mile and me
      • Tech
      • Legal
      • Banking
      • Property
      • Retail
      • Crypto
      • Transport
    • From our partners
      • AON
      • Tottenham Hotspur Stadium
      • Eastern City BID
      • London Stansted Airport
      • YourCause from Blackbaud
      • Inside Saudi
      • Central London Alliance CIC
    • Featured

      New immigration plans could reverse the UK’s tech exodus

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
      • The Punter
    • From our partners
      • The Morning Briefing: SBS x City AM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Manchester United swap trophy parade for BBQ if they win Europa League

      Submit a story

      Tell us your story.

      Submit
  • Wine
  • Life&Style
    • Life&Style
      • Life&Style
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Exclusive: Gaucho owner to shut City icon M Restaurant next week

      Submit a story

      Tell us your story.

      Submit
  • Latest Paper
  • Personal Finance
  • CityAM Awards
  • Sign In
  • Sign Out
  • My Account

Flutter

  • Playtech stock plummets 60 per cent following dividend payout

    Business

    Playtech’s stock price has crashed more than 60 per cent following the payout of a special dividend worth close to two thirds of its market capitalisation. The gambling software firm paid out almost £1.5bn as a special dividend from the sale of its Italian consumer arm Snaitech to Flutter during last year. As a result, [...]

  • 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 [...]

  • Flutter Entertainment posts strong growth despite challenging sports results

    Tech

    Flutter Entertainment, the world’s largest online sports betting and gaming operator, has reported an uptick in revenue and earnings despite setbacks from unfavourable sports outcomes. The company’s revenue jumped 14 per cent in the fourth quarter, driven by strength in its UK and Ireland markets and the US. Flutter posted revenue growth of 20 per [...]

  • Flutter: Paddy Power owner loses over £300m on bad US bets

    January 8, 2025

    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 [...]

  • Lloyd’s of London insurer snubs the City with New York IPO plans

    January 6, 2025

    A Lloyd’s of London insurer has dealt a fresh blow to the City by snubbing the London Stock Exchange in favour of New York for its planned IPO, piling fresh pressure on the capital’s bourse after it shrank at the fastest pace on record last year. Aspen Insurance, an underwriting firm which operates out of [...]

  • The world’s most lucrative jockey competition is coming to British racing

    November 14, 2024

    British racing has announced the world’s most lucrative jockey competition, the David Power Jockeys’ Cup – a new league for riders with a prize fund of £1.5m. The initiative, which will launch on Friday at Cheltenham’s November Meeting, is an attempt to inject more excitement into jumps season and backed by bookmakers the Flutter Group. [...]

  • Flutter: Paddy Power owner slashes loss as US sales double

    November 13, 2024

    Gambling giant Flutter Entertainment, whose brands include the likes of Paddy Power and Betfair, slashed its net loss during its latest quarter as its US sales doubled. The group’s total revenue for the third quarter of 2024 rose by 27 per cent from £2.558bn to £3.248bn while its adjusted earnings before interest, tax, depreciation and [...]

  • Sky Bet: Profit slides as inflation and salary rises bite

    October 28, 2024

    Profit at Sky Bet was slashed during its latest financial year as its operating expenses surged by almost £45m. The business behind the brand, which is owned by Flutter Entertainment, has reported a pre-tax profit of £48.9m for 2023, according to newly-filed accounts with Companies House. Its profit was hit because the firm’s operating expenses [...]

  • Gambling stocks Flutter, Entain and Evoke nosedive on Budget tax fears

    October 14, 2024

    Shares in British gambling firms plummeted on Monday morning after reports that the government was eyeing up £3bn tax rises on the sector in a move that one investment bank said would “all but wipe out bookmaker profitability in the UK”. William Hill-owner Evoke saw its share price crater by over 13 per cent in [...]

  • Playtech upgrades guidance as B2B business grows amid Snaitech sale

    September 30, 2024

    Gambling software firm Playtech has upgraded its guidance due to growth in its business-to-business arm grows, and said it will deliver €1.7bn (£1.42bn) to shareholders via the sale of Snaitech. Adjusted earning before interest, tax, depreciation and amortization (EBITDA) in the six months ended 30 June rose 11 per cent to €243m (£202m), driven by [...]

Posts pagination

  • Page 1
  • Page 2
  • Page 3
  • …
  • Page 5
  • Next

Trending Articles

  • Interest rate cut hopes fade after Bank of England decision

  • Immigration rules to be 'tightened up' in Labour white paper

  • Interest rates may stay higher for longer says Bank of England

  • US-UK trade announcement: “this isn’t a deal, it’s an amuse-bouche” 

Subscribe

Subscribe to the City AM newsletter to have our top stories delivered directly to your inbox.

Subscribe
  • About us
  • Careers
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy
  • News
  • Markets & Economics
  • Opinion
  • Life&Style
  • Personal Finance
  • Got a story?
  • The Punter
  • City AM Curated
  • Wine
  • Casino

Follow us for breaking news and latest updates

  • Facebook
  • X
  • Instagram
  • LinkedIn
  • Newsletters
  • Advertising
  • About
  • Tickets
Copyright 2025 City AM Limited