Flutter looks set for another share price boost after US revenues jump again May 3, 2023 Gambling giant Flutter Entertainment reported a boost in revenue for the first quarter of 2023 as a result of its continued expansion drive in the US. The London-listed company — which owns PaddyPower, Betfair and FanDuel — increased its average monthly players by 30 per cent year on year to £12.3m, pushing revenues up by 46 [...]
Flutter inches closer to primary US listing as more firms fall out of love with London April 28, 2023 London-listed gambling company Flutter yesterday won shareholder approval to launch a secondary listing in the US, paving the way for it to switch its primary listing in the future. 99 per cent of shareholders approved the secondary listing at Flutter’s annual general meeting on Thursday. The listing is expected to take place later this year, [...]
Betfair owner Flutter gambles on US market with plans to embark on secondary listing February 14, 2023 Flutter, the UK betting group that owns Betfair and Paddy Power, is contemplating a secondary listing in the US to tap into the American gambling market. The world’s largest online betting group plans to consult shareholders “extensively” on the matter and prioritise it over plans to list a stake in its US business, FanDuel, which [...]
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.