Tag Archives: Flutter Entertainment
US – Flutter claims 36 per cent share of the US online sportsbook market
Flutter Entertainment saw a strong start to 2021 with double digit growth across all divisions with the US up 135 per cent, UK and Ireland up 35 per cent, Australia up 59 per cent and international up seven per cent. Perhaps most impressively, Flutter grabbed a 36 per cent share of the online sportsbook market…
US – Fox sues Flutter over the cost of 18.6 per cent stake in FanDuel
Fox Corporation has filed suit against Flutter Entertainment to try and force its right to buy an 18.6 per cent stake in FanDuel Group for the same price that Flutter paid in December 2020. The suit was filed as an arbitration before JAMS in New York, NY by consent of the parties. Fox stated: “Fox…
Ireland – Flutter confirms move to ban gambling transactions with credit cards in Ireland
Flutter Entertainment has announced the introduction of a range of proactive measures to its operations in Ireland to update its safer gambling policies and to mitigate the potential for harm. The measures include the commitment of one per cent of Net Gaming Revenue to support the research, education and treatment of problem gambling, the banning…
UK – Flutter confident business will grow sustainably and responsibly
Flutter Entertainment has reported a rise in Q3 revenue of 27 per cent year-on-year on a pro forma basis to £1.3bn, with sports revenue up 32 per cent to £798m and gaming 21 per cent higher at £527m. Group online revenue growth is up 33 per cent, with average daily customers up 41 per cent…
US – Scientific Games and Flutter Entertainment extend sports betting partnership
Scientific Games Corporation secured a five-year contract renewal with long-term customer Flutter Entertainment to continue providing its OpenSports technology to the operators’ portfolio of global brands. The five-year renewal comes on the back of FanDuel selecting Scientific Games to power their sportsbook offering across all current and future regulated markets in the US. Flutter Entertainment…
UK – Flutter profits fall 70 per cent
Flutter Entertainment has published interim results showing that H1 profit has fallen 70 per cent year-on-year to £24m and a revenue rise of 49 per cent to £1.5bn. Adjusted Ebitda increased from £216m to £342m. Revenue at Paddy Power Betfair fell 18 per cent to £540m. Online fell eight per cent, retail 50 per cent…
Canada – Stars expects Flutter merger to complete on May 5
The Stars Group expects to complete the pending combination with Flutter Entertainment on May 5, 2020, subject to customary closing conditions. Upon closing, shareholders of The Stars Group will be entitled to receive 0.2253 Flutter ordinary shares for each common share. “With the overwhelming approval of our shareholders last week and receipt of all remaining…
Canada – The Star’s shareholders approve merger with Flutter
The Stars Group’s shareholders have approved the proposal to combine the business with Flutter Entertainment. The special resolution approved the previously announced plan of arrangement under the Business Corporations Act between The Stars Group and Flutter, whereby Flutter will acquire all of the issued and outstanding common shares of The Stars Group. Approximately 99.99 per…
UK – The Stars Group receives UK Competition & Markets Authority clearance for Flutter deal
The UK Competition & Markets Authority has unconditionally cleared The Stars Group’s combination with Flutter Entertainment plc following the CMA’s Phase 1 review under the Enterprise Act 2002. As previously announced, The Stars Group and Flutter have entered into an arrangement agreement providing for an all-share combination to be implemented through an acquisition of The…
