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Business
August 9, 2023
Flutter Enjoys Exceptional Performance for First Half of 2023
Globally-recognized sports betting group, Flutter Entertainment, released its latest interim results, highlighting strong growth in revenue, EBITDA and the number of average monthly players for the first half of 2023. Released Wednesday, the financial results outline details regarding the company’s performance for the six months ended June 30, 2023, pointing to a solid growth of […]
Business
July 31, 2023
Fox Corp. and Flutter to Shutter Their Fox Bet Online Wagering Business
As the joint project of Fox Corp. and Flutter Entertainment, Fox Bet was perfectly positioned to capitalize on the growing US online sports betting market. However, disagreements between the two companies and diverging interests meant the project never reached its full potential. The impending shutdown will undoubtedly create short-term instability, but Flutter’s dominating market position […]
Industry
July 21, 2023
Flutter Seeks Startups Able to Improve the Gaming Sector and Tackle Societal Challenges
Flutter Entertainment announced that its Alpha Hub startup partnership program is looking for fresh companies that are able to create innovative safer gambling solutions. The program’s goal is to shape a better future for gaming and society as a whole, in line with the Positive Impact Plan. Flutter’s Positive Impact Plan utilizes the company’s global […]
Sports
June 28, 2023
Flutter Celebrates 22 Million Bets Placed at Royal Ascot Event
Such an impressive number of wagers highlights the growing popularity of online betting and the continued enthusiasm of bettors for high-profile horse racing events. The Royal Ascot’s prestigious reputation and storied history contribute to its enduring popularity, helping it appeal to a global audience. Flutter donated a significant sum to charity, highlighting the company’s commitment […]
Industry
May 22, 2023
Inspired Extends Virtual Sports Partnership with Paddy Power
Content, technology, hardware and services provider for the gaming industry, Inspired Entertainment, announced today that its partnership with Irish bookmaker Paddy Power has been extended. The Best Possible Retail Betting Shop Experience The new long-term contract signed between Inspired Entertainment and Paddy Power will see the B2B provider continue to deliver to the Flutter Entertainment-owned […]
Business
May 4, 2023
FanDuel Confident in Profitability as Customer Acquisition Soars
FanDuel is on its own a champion within Flutter’s ecosystem and one of the company’s most important assets in the US market. Group revenue increased by 54% in the first quarter, but FanDuel was the real winner as the brand’s revenue jumped by 92% on an annual basis, demonstrating that the company may indeed be […]
Business
May 3, 2023
Flutter Posts Strong First Quarter Results with Revenue Up 54%
The international sports betting and gambling company, Flutter Entertainment, released a new trading update, outlining its performance for the first quarter of 2023. Judging by the preliminary figures revealing the performance for the three-month period ended March 31, 2023, the company has seen strong growth in revenue as well as an increase in its number […]
Industry
May 1, 2023
Flutter CEO Argues Against Anti-Gambling Campaigns Use of New Levy Funds
Flutter Entertainment, the world’s biggest listed gambling group and owner of Paddy Power, has expressed concerns that funds from a new statutory levy on operators could be used by campaigners to stop gambling in general. The Flutter CEO said that campaigners had already had the opportunity to make their cases and that people must be […]
Business
April 27, 2023
Flutter Names John Bryant New Chair and Non-executive Director
Gaming industry giant Flutter Entertainment announced a senior-level appointment. The company confirmed Thursday it strengthened its leadership by hiring John Bryant, an expert with significant experience within international companies. Joining Flutter, he was appointed to the role of non-executive director and Chair designate of the Board. The company explained that the appointment will be effective […]
Business
April 27, 2023
Flutter Shareholders Expected to Greenlight US Listing
Earlier this year, Flutter Entertainment, the global gaming and entertainment company, announced its plans to consult with its shareholders for an additional US listing. Currently, the company is listed on the London Stock Exchange. However, considering the growth of FanDuel in the US, it sought to consult its shareholders on whether or not to engage […]
