The American dream: Flutter upgrades US outlook with ‘no sign of slowdown’ November 9, 2022 The American dream continues for Flutter, as the betting giant boosts it revenue guidance for its US business Fanduel. The Paddy Power and Betfair owner told investors its third-quarter revenues rose 22 per cent year-on-year to £1.89bn, bolstered by a recent Italian acquisition and stateside success. US revenue surged 82 per cent to $700m, pushing [...]
‘No discernible sign’ of spending slowdown for betting titan Flutter amid cost of living crunch August 12, 2022 Gaming brands operator Flutter has said it has not yet seen any big shift in consumer spending, amid historically high levels of inflation. In interim results for the year, the FanDuel and Sportsbet said there had been “no discernible signs of a consumer slow down currently” as the second-half of the year progresses. The company [...]
American Dream: FanDuel’s US dominance saves Flutter from revenue dips in UK and beyond May 4, 2022 Betfair owner Flutter posted revenue growth of six per cent across the group driven by continued strong recreational player momentum with average monthly players up 15 per cent to 8.9m.
Home run: FanDuel pens partnership with New York Yankees as Flutter continues stateside domination April 26, 2022 Flutter owned FanDuel has agreed a new multi-year partnership with the New York Yankees as it continues its stateside domination.
Italian lottery operator Sisal mulls joining Camelot’s High Court challenge April 10, 2022 Italian lottery operator Sisal is considering teaming up with Camelot to challenge the Gambling Commission’s decision to pick Czech firm Allwyn to run the UK’s National Lottery. Sisal is weighing up plans to back Camelot’s High Court bid to overturn the Gambling Commission’s decision, after Camelot lodged a legal challenge against the government agency earlier [...]
Gambling sector warns against ‘naive changes’ in long-awaited white paper March 21, 2022 The gambling industry has vowed to back the Chancellor’s economic recovery plan so long as the long-awaited white paper does not bring “well-meaning but naive changes”. Chief of the Betting and Gaming Council (BGC) Michael Dughe warned that whilst bookies were ready to help Rishi Sunak recover the public finances after the pandemic, he said [...]
Watchdog whacks Sky Vegas with £1.2m fine after it offered free casino spins to recovering addicts March 9, 2022 Sky Vegas has been hit with a £1.2m fine by gambling watchdog after it sent free casino "spins" to recovering addicts.
Betfair owner Flutter shares dive despite US growth March 1, 2022 Paddypower and Betfair owner Flutter Entertainment reported steady growth this morning despite, with recreational customers up 23 per cent to 7.6m average monthly players.
Betfair owner Flutter ties staff bonuses to stamping out gambling addiction as industry gears up for reform February 28, 2022 Betfair and Fanduel owner Flutter Entertainment has said this morning that it will tie 10 per cent of annual bonuses for its staff to initiatives aimed at helping prevent gambling addiction. The world’s largest online betting group stated that these targets were part of a package which hoped to get 75 per cent of active online customers [...]
Paddy Power and Betfair owner Flutter snaps up Italian gaming giant Sisal for cool £1.62bn December 23, 2021 Paddy Power and Betfair owner Flutter Entertainment has agreed a £1.62bn deal to buy Italian online gaming group Sisal. Flutter’s acquisition of Milan-based Sisal from buyout firm CVC Capital Partners will add to its existing presence in Italy through PokerStars and Betfair, giving it a combined online market share of 20 per cent. Sisal employs [...]