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Gambling News - 'Flutter entertainment'
Industry
December 2, 2024
Flutter Raises Over £350K for Cure Leukaemia at Annual Charity Ball
The 2003-launched organization that currently offers potentially life-saving treatment to patients across the UK, Cure Leukaemia, has received a generous boost of over £357,000 ($453,000), thanks to funds raised by Flutter’s annual Charity Ball and a series of other pre-event donations. The yearly event supports pioneering clinical trials, with this year’s contributions set to help […]
Legal
November 22, 2024
Deceased Gambler’s Family Reportedly Files Lawsuit Against Flutter
A 40-year-old man took his own wife back in April 2021 after suffering from a crippling gambling addiction. The shocking case from the UK revolved around Luke Ashton, who was fighting a severe addiction to gambling before his suicide. Using the services of Flutter-owned operator Betfair, the 40-year-old man wasn’t identified as a problem gambler, […]

Business
November 18, 2024
Flutter Appoints PokerStars Exec Kevin Harrington as UK&I CEO
International gambling giant Flutter Entertainment has introduced a major addition to its UK & Ireland team, naming the seasoned Kevin Harrington as its new CEO for the region. The appointment is a part of the company’s reorganization of its international division and aligns with its new two-division structure. Harrington to Succeed Brown in February Kevin […]

Legal
November 18, 2024
Flutter’s Betfair Secures Victory in High Court Problem Gambling Case
Flutter Entertainment, the recognizable gaming and betting company, recently won an important case filed against one of its brands operating in the United Kingdom. The decision in the case against the company filed by a person who lost nearly £1.5 million ($1.89 million) gambling with Betfair came from the country’s High Court. Legal Claim Against […]

Business
November 13, 2024
Flutter Publishes Q3 Results, Prepares for Share Buyback
Gambling and betting giant Flutter Entertainment has published its Q3 report, highlighting significant increases across multiple metrics. As a result, the company updated its guidance, introducing a small raise, and announced the launch of the first tranche of its new share buyback program. Flutter Continued to Excel In the three months ended September 30, Flutter […]

Industry
October 16, 2024
Flutter CEO: UK Tax Hike Would Be in No One’s Interest
Peter Jackson, chief executive officer of Flutter Entertainment, commented on the UK’s ongoing gambling reforms amid talks about tax hikes. Echoing his recent point about the US market, he suggested that high tax rates tend to have adverse effects. Labour Should Speed Up the Regulatory Process In a post on LinkedIn, Jackson said that was […]
Industry
October 16, 2024
Flutter CEO Advises Moderation in Taxation as Tax Hikes Continue
Peter Jackson, Flutter Entertainment’s chief executive officer, believes that the ideal online sports betting tax rate would be 18%. In an interview with The Financial Times, he shared his tax-related opinions about the US wagering sector. Flutter’s CEO Promotes a Golden Middle Jackson’s proposed tax rate is noticeably higher than the tax rate of certain […]
Business
October 8, 2024
Regulus Partners Deems Flutter’s US TAM Forecast Overly Optimistic
Global strategic advisory business focussed on the sports and leisure sectors, Regulus Partners (RP), has expressed doubts regarding Flutter Entertainment’s forecast for the total addressable market (TAM) in the US sports betting and iGaming sectors, raising concerns over the company’s optimism. Overly Optimistic Projections Could Hit Challenges Last month, the operator with a market-leading position […]
Industry
September 26, 2024
Flutter Entertainment Forecasts Stellar Growth in Brazil
Flutter Entertainment, the world’s largest sports betting and iGaming company, addressed investors today with ambitious growth forecasts while announcing a $5 billion share buyback scheme. The buyback, scheduled to start after Q3 in November and which is expected to extend over the next three to four years, reflects the company’s confidence in its projected financial […]
Business
September 25, 2024
Flutter Sees Double Profit by 2027, Presents $5bn Share Buyback
The leading global betting and gaming company, Flutter Entertainment, is fairly optimistic about the future. Namely, the upcoming two years which the online betting company believes will bring it around $5 billion, which is more than double this year’s core profit expected to reach $2.5 billion. The bold projections were made on Wednesday when Flutter […]
