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Industry
September 16, 2024
JMP Is Optimistic about Flutter’s Stake in Betnacional
JMP Securities analysts are optimistic about Flutter’s recent acquisition of a 56% stake in NSX Group, arguing that it would allow the latter company to drive strong synergies in Brazil. Flutter’s Brazil Bid Is In Line with the Company’s Strategy According to a NEXT.io report, JMP Securities believes that Brazil’s large population and ongoing sports […]
Business
September 16, 2024
Flutter to Acquire Playtech’s Consumer Arm in Major Expansion Move
Flutter Entertainment, the parent company of brands like Paddy Power and Betfair, is reportedly nearing the conclusion of a milestone £2 billion acquisition of the consumer operations arm of Playtech, one of the leading gambling technology providers. The acquisition signals Flutter’s ongoing commitment to expanding its global influence and portfolio. Playtech Will Focus on Its […]
Business
September 13, 2024
Flutter to Form Flutter Brazil via Acquisition of 56% Stake in NSX
Sportsbook and iGaming juggernaut Flutter Entertainment has unveiled a major investment in Brazil that would grow its local footprint. The deal reflects the company’s overall expansion strategy and orientation toward global markets. Flutter to Acquire a 56% in NSX in Q2 2025 According to Flutter’s official announcement, it has paid some $350 million to acquire […]
Business
September 12, 2024
Fox Reportedly Aims for FanDuel Stake at $2.2bn Below Value
Several years ago, in 2020, the leading gaming and entertainment company, Flutter Entertainment, purchased The Stars Group. This created a connection between the former and Fox Corporation, one of the world’s leading and most valued mass media companies in America. Through this legal connection, Fox secured an option to purchase a stake in FanDuel, Flutter’s […]
Business
September 4, 2024
Morningstar Expert Lauds Flutter Entertainment in Recent Analysis
The solid market share within the online sports betting (OSB) vertical in the US belonging to industry leaders FanDuel and DraftKings is unquestionable. The duopoly is estimated to hold between 70% and 80% of the OSB sector, leaving little room for competition. But while the two companies stay at the helm of betting in the […]
Legal
August 30, 2024
Flutter Entertainment to Appeal $330M Aviator Ruling
Irish gambling giant Flutter Entertainment announced Thursday it would appeal a $330 million court ruling in Georgia. A Georgian court verdict last week ruled Flutter and its associate Spribe liable in a case filed by Aviator LLC, a former shareholder of Flutter’s Georgian unit, Adjarabet, ordering the defendants to pay damages. The Court Case Did […]
Industry
August 15, 2024
Sweepstakes: a Priority for Catena, a Concern for Flutter
Following the revenue drop and important reshuffling of its executive team, 2012-founded publicly-traded online gambling information company Catena Media has announced it would revamp its operations and shift the focus on its top products, including the controversial sweepstakes in the upcoming months. On the other hand, FanDuel is more wary on the topic of sweepstakes, […]
Business
August 14, 2024
Playtech Confirms Talks of £2bn Flutter Bid for Snaitech
The leading supplier of software, content and solutions, powering iGaming and betting operators, Playtech, confirmed it is in talks for the potential sale of its business-to-customer (B2C) division in Italy, Snaitech, to the leading gaming and entertainment giant, Flutter Entertainment. Today, the company released a short letter titled “Response to Media Speculation,” acknowledging that it […]
Legal
August 6, 2024
FanDuel Sued over Alleged Use of Privacy-Violating TikTok Software
FanDuel is facing a lawsuit over its alleged use of privacy-violating software. According to a complaint filed on July 30 in the US District Court for the Central District of California, the leading sports betting operator used software to tracks anonymous users. FanDuel Is Said to Have Leveraged an Illegal Software As reported by NEXT.io, […]
Sports
July 24, 2024
Racing Unprofitable for Bookmakers, Warns Flutter’s UK & Ireland Exec
An executive overseeing two of the UK’s leading sportsbooks recently urged for a change in British horseracing at a time when profits for the sector have been growing despite a shrinking audience. Earlier this week, Ian Brown, the CEO of Flutter Entertainment’s UK and Ireland division, submitted an op-ed for the Racing Post, highlighting a […]
