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Business
October 21, 2021
Flutter Entertainment Opens New UK Tech Hub
Global betting and gaming conglomerate Flutter Entertainment announced today the opening of its new state-of-the-art technology and innovation hub located in Leeds, Yorkshire. Technology Is Key The new £15-million ($20.7 million) facility designed by prominent property developer MEPC is looking to fill around 1,700 positions, most of which are across the media, technology and creative […]
Legal
October 8, 2021
Attorney Win in Flutter Vs Kentucky Better than a WSOP Payout
Flutter Entertainment got lucky recently when it avoided what could have been a multibillion-dollar payment demanded by Kentucky. The state had gone after PokerStars in court for illegally offering its services in the state years ago, before it was purchased by Flutter, and the amount requested in damages continued to pile up over the years. […]
Legal
September 22, 2021
Flutter Ends a Decade-long Legal Battle with Kentucky
A decade-long battle between the Stars Group, before its acquisition by Flutter, with the Commonwealth of Kentucky ended today. Flutter agreed to pay Kentucky $200 million in addition to a previously forfeited $100 million. The legal dispute dates back a decade when PokerStars allegedly offered online poker in Kentucky which was at odds with UIGEA. […]
Industry
September 7, 2021
Flutter Introduces Monthly Spending Limit for Users under 25 in UK and Ireland
To enhance protection for its younger customers, Flutter has announced a $691 monthly user spending limit. The limit is applicable for young adults under age 25 and valid in the UK and Ireland. Flutter Rolls Out New Monthly Spending Limit for Adults under 25 Flutter UK and Ireland, a part of Flutter Entertainment, announced on […]
Legal
September 1, 2021
Flutter Turns to US Supreme Court to Overturn Settlement Ruling
Global gambling group Flutter Entertainment petitioned the US Supreme Court, seeking a review of a $1.3-billion regulatory settlement for damages against subsidiary The Stars Group (TSG). Damages for Historical UIGEA Violations The petition relates to a December 2020 ruling of the Kentucky Supreme Court to reinstate a 2015 ruling against TSG made in the Franklin […]
Business
August 10, 2021
Flutter Releases Interim H1 2021 Results, Hits $4.2bn in Revenue
Flutter Entertainment released its interim results for the first half of 2021. The company outlined that its group pro-forma revenue hit $4.2 billion, marking a 30% increase when compared to the same period last year. Moreover, the company performed extremely well within the US, UK and Australian markets. Flutter Reveals Interim Results for H1 2021 […]
Industry
July 13, 2021
Flutter sells Oddschecker for $215.2 million to Bruin Capital
Flutter Entertainment has announced its agreement to sell its affiliate subsidiary company Oddschecker, for $215.2 million to Bruin Capital, a private equity group. A Private Equity Firm Acquires Oddschecker by the End of the 3rd Quarter Flutter Entertainment, a holding company (created by the merger of Paddy Power and Betfair), has announced it would sell […]
Industry
July 12, 2021
Flutter to Delay FanDuel Split As the Sportsbook Takes Control Of the Market
This past March, it looked like FanDuel was going to follow in DraftKings’ footsteps and seek a spot on a public stock market. Owned by Flutter Entertainment, which has its hands in sports gambling and iGaming operations around the globe, being traded publicly would certainly give FanDuel a lot of support for future growth. However, […]
Industry
June 24, 2021
Flutter UK and Ireland Chief Officers Became Retailers
Flutter’s chief officers: Chairman Ian Proctor and CEO Conor Grant, showed support to their retail colleagues and stood behind the counter for a day. Flutter’s Top Officers in UK and Ire Were Retailers for a Day Flutter Entertainment’s top-ranking UK and IRE officers, Chairman Ian Proctor and CEO, Conor Grant supported their retail colleagues during […]
Industry
June 16, 2021
Flutter Announced New Workforce Engagement Committee
Flutter Entertainment, the owner of gaming brands Betfair, Paddy Power, PokerStars, and FanDuel, announced a new initiative aimed at its workforce with the establishment of a new Committee of the Board. New Workforce Engagement Mechanism on Board Level The Workforce Engagement Committee established with effect from June 15, 2021, will look to enhance engagement of […]