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 [...]
Paddy Power and Betfair owner Flutter snaps up bingo giant Tombola for £402m November 18, 2021 Paddy Power and Betfair owner Flutter Entertainment has agreed to buy UK bingo group Tombola for £402m. Tombola’s founder Phil Cronin, who set up the bingo firm 16 years ago, will leave the business after the acquisition, with himself and his family expected to net a fortune from the cash deal. Based across sites in [...]
Markets: Standard Chartered, Flutter and miners put FTSE 100 in a hole November 2, 2021 The FTSE 100 is down this morning, weighed on by Paddy Power owner Flutter and Asia-focussed bank StanChart. The blue-chip FTSE 100 index eased 0.5 per cent after closing at fresh February 2020 highs yesterday, while the UK-centric mid-cap index slipped 0.2 per cent. Miners BHP, Rio Tinto and Anglo American were among the worst performers on [...]
Flutter makes Amy Howe new boss of FanDuel with US spinoff still on the cards October 4, 2021 Betting group Flutter Entertainment said this morning it has appointed Amy Howe as the new chief of its FanDuel arm as the company continues to consider spinning off the US business. Howe joined sportsbook and fantasy sport business FanDuel as president in February before becoming its interim chief executive in July. Her appointment comes after [...]
FTSE 100 closes higher as tech stocks boost Wall Street May 24, 2021 London’s FTSE 100 closed higher this afternoon after posting its second straight weekly drop, as oil majors provided the biggest boosts to the index. Wall Street also opened higher as tech stocks showed signs of bouncing back from a poor month. The blue-chip index advanced 0.5 per cent over the dat’s trading, buoyed by gains [...]
CEO of Flutter sports betting platform FanDuel steps down May 12, 2021 Sports betting and gaming group Flutter Entertainment has confirmed this morning its FanDuel chief executive officer will exit the top position after four years leading the sports gaming platform. Despite handing in his notice, Matt King has chosen to remain with FanDuel until a successor has been found. “It has been a privilege to lead FanDuel [...]
Paddy Power owner Flutter sees 32 per cent rise in revenues to £1.5bn April 29, 2021 Gambling giant Flutter Entertainment saw its total revenue leap by 32 per cent to £1.5bn in the first three months of the year, the company said this morning. The Dublin-based owner of Paddy Power and Betfair said that sports betting revenues shot up 43 per cent to £896m. Meanwhile, its gaming market grew 18 per [...]
Flutter hits back at Rupert Murdoch in row over US betting firm Fan Duel April 7, 2021 Gambling giant Flutter has hit back at Rupert Murdoch’s Fox in a legal row over a US sports betting firm, accusing the media mogul of trying to take a stake in the company at a cut-price rate. Fox Corporation last night filed a lawsuit against Flutter, which owns brands such as Paddy Power and Betfair, [...]