FanDuel owner Flutter officially shifts listing to US, new finance chief in tow
- Paddy Power owner Flutter Entertainment PLC (LSE:FLTR) has officially switched its primary listing from the London Stock Exchange to the New York Stock Exchange, effective today. It marks an “important milestone in the evolution of Flutter”, said chief executive Peter Jackson.
- 05/31/2024
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Online betting firm Flutter names Rob Coldrake as new group CFO
- Flutter , the world's largest online betting firm, named Rob Coldrake as its new group CFO on Friday and said current group finance head Paul Edgecliffe-Johnson would be stepping down from his role as group CFO and executive director.
- 05/31/2024
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DKNG, FLUT Reaction to Sports Betting Tax is Overdone
- The “math and checks suggest the reaction is overdone,” notes Jefferies on DKNG and FLUT reaction to the Illinois news. Jefferies views the Illinois tax as “relatively state-specific.
- 05/28/2024
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Sports-Betting Stocks Drop as Illinois Senate Passes Budget Raising Tax Scale
- Sports-betting stocks like DraftKings (DKNG) and FanDuel parent Flutter Entertainment (FLUT) are sliding Tuesday following the Illinois Senate passage of a new state budget that includes a new progressive tax rate on such firms.
- 05/28/2024
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Gaming stocks slip on new tax hike
- CNBC's Contessa Brewer reports on news in the sports betting space.
- 05/28/2024
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DKNG, FLUT, PENN Fall on Higher Sports Gaming Operator Tax
- Sports gaming stocks are falling as the Illinois Senate approves a higher tax on operators. Caroline Woods discusses this as this Illinois tax introduces a progressive tax rate for operators based on their revenue and it imposes a 40% rate on operators with the highest adjusted gross revenue.
- 05/28/2024
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Flutter shareholders dealt a blow following Illinois sports betting bill
- Flutter Entertainment PLC (LSE:FLTR) shareholders were dealt offsuits on Monday when the betting big cap's shares were sent 5% lower in opening exchanges. The Paddy Power and FanDuel owner, which is in the process of switching its primary listing stateside, is responding to a bill passed in the Illinois Senate to impose a 40% maximum tax on betting revenue.
- 05/28/2024
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DraftKings, FanDuel Stocks Blitzed By 140%+ Illinois Tax Hike
- DraftKings stock and FanDuel-parent Flutter Entertainment both fell after the Illinois Senate advanced a budget that would more than double online sports betting taxes.
- 05/28/2024
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DraftKings and FanDuel Stocks Drop on Sports Betting Tax Hike
- This new move would make Illinois the second most expensive state for online sports gambling companies to operate in.
- 05/28/2024
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DraftKings and FanDuel parent hit by Illinois sports-tax legislation
- Shares of DraftKings and FanDuel owner Flutter Entertainment traded lower on Tuesday after the Illinois Senate passed a bill that includes a sports-betting tax hike.
- 05/28/2024
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Keywords Studios Shares Have Best Ever Day After $2.58 Billion EQT Takeover Talks
- By Ian Walker Keywords Studios' shares rose in early trade after the company said that it is in talks with European private equity company EQT Group over a potential 2.03 billion pound ($2.58 billion) takeover, which would make it the latest in a series of companies to leave the London Exchange if the deal goes ahead. Shares at 0739 GMT were up 904.0 pence, or 62%, at 2,374.00 pence, marking their best ever rise since the company floated on the London Stock Exchange in June 2013 at 123 pence. The London-listed videogame services company said Monday that it is in advanced talks over a possible cash offer worth 2,550 pence a share, a price it would be prepared to recommend to shareholders if a formal offer was made. The price is a 73% premium to Keywords' closing price of 1,470 pence on Friday. The company said that shareholders would be able to keep the final dividend of 1.76 pence that was declared on March 31 and payable June 28. Keywords said that the board has received four unsolicited proposals from EQT in recent months which it rejected. The latest proposal is subject to a number of conditions being met including due diligence, it added. Keywords said that it remains confident in the company's growth strategy both organically and through acquisitions, and that EQT is supportive of this strategy. EQT has until June 15 to make a formal takeover for Keywords or walk away under U.K. Takeover Panel rules. EQT has been investing in the U.K. for nearly two decades and last June bought veterinary pharmaceuticals company Dechra for nearly $5.6 billion, Europe's biggest leveraged buyout at the time. Last week Royal Mail owner International Distribution Services said that it had received an improved GBP3.5 billion takeover proposal from Czech billionaire Daniel Kretinsky's EP Corporate Group that it would be prepared to recommend to shareholders if a formal offer was made. If the takeovers go ahead then the companies would delist from the London Stock Exchange, marking further woes for the city bourse following a string of recent defections. Irish building-materials supplier CRH, which was listed on London's FTSE 100 index, moved its main listing to New York in September. Flutter Entertainment--which houses FanDuel, PokerStars, and Paddy Power among its brands--started trading in New York on Jan. 29 and will make that its prime listing from May 31, while German travel company TUI AG shareholders approved the company's London delisting plan in February. British chip maker Arm Holdings chose New York over London for its stock market return and most recently Indivior said that it planned to switch its main listing to the U.S, while retaining a secondary listing in the U.K. Write to Ian Walker at ian.walker@wsj.com (END) Dow Jones Newswires 05-20-24 0356ET
- 05/20/2024
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Keywords Studios Shares Have Best Ever Day After $2.58 Billion EQT Takeover Talks
- By Ian Walker Keywords Studios' shares rose in early trade after the company said that it is in talks with European private equity company EQT Group over a potential 2.03 billion pound ($2.58 billion) takeover, which would make it the latest in a series of companies to leave the London Exchange if the deal goes ahead. Shares at 0739 GMT were up 904.0 pence, or 62%, at 2,374.00 pence, marking their best ever rise since the company floated on the London Stock Exchange in June 2013 at 123 pence. The London-listed videogame services company said Monday that it is in advanced talks over a possible cash offer worth 2,550 pence a share, a price it would be prepared to recommend to shareholders if a formal offer was made. The price is a 73% premium to Keywords' closing price of 1,470 pence on Friday. The company said that shareholders would be able to keep the final dividend of 1.76 pence that was declared on March 31 and payable June 28. Keywords said that the board has received four unsolicited proposals from EQT in recent months which it rejected. The latest proposal is subject to a number of conditions being met including due diligence, it added. Keywords said that it remains confident in the company's growth strategy both organically and through acquisitions, and that EQT is supportive of this strategy. EQT has until June 15 to make a formal takeover for Keywords or walk away under U.K. Takeover Panel rules. EQT has been investing in the U.K. for nearly two decades and last June bought veterinary pharmaceuticals company Dechra for nearly $5.6 billion, Europe's biggest leveraged buyout at the time. Last week Royal Mail owner International Distribution Services said that it had received an improved GBP3.5 billion takeover proposal from Czech billionaire Daniel Kretinsky's EP Corporate Group that it would be prepared to recommend to shareholders if a formal offer was made. If the takeovers go ahead then the companies would delist from the London Stock Exchange, marking further woes for the city bourse following a string of recent defections. Irish building-materials supplier CRH, which was listed on London's FTSE 100 index, moved its main listing to New York in September. Flutter Entertainment--which houses FanDuel, PokerStars, and Paddy Power among its brands--started trading in New York on Jan. 29 and will make that its prime listing from May 31, while German travel company TUI AG shareholders approved the company's London delisting plan in February. British chip maker Arm Holdings chose New York over London for its stock market return and most recently Indivior said that it planned to switch its main listing to the U.S, while retaining a secondary listing in the U.K. Write to Ian Walker at ian.walker@wsj.com (END) Dow Jones Newswires 05-20-24 0356ET
- 05/20/2024
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Flutter sales dented by March Madness, says broker
- Sky Bet owner Flutter Entertainment PLC (LSE:FLTR) has undergone a mixed week following the release of its first-quarter results on Tuesday. Shares initially tumbled 3% after it reported net losses widening to $177 million from $111 million and a 16% revenue lift.
- 05/17/2024
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Flutter Entertainment plc (FLUT) Q1 2024 Earnings Call Transcript
- Flutter Entertainment plc (NYSE:FLUT ) Q1 2024 Earnings Conference Call May 14, 2024 6:30 AM ET Company Participants Paul Tymms – Investor Relations Peter Jackson – Chief Executive Officer Paul Edgecliffe-Johnson – Chief Financial Officer Conference Call Participants Ed Young – Morgan Stanley Jordan Bender – Citizens JMP Monique Pollard – Citi Clark Lempen – BTIG Ryan Sigdahl – Craig-Hallum Capital Group Joe Stauff – Susquehanna Robert Fishman – MoffettNathanson Dan Politzer – Wells Fargo Paul Ruddy – Davy Simon Davies – Deutsche Bank Ben Shelley – UBS James Rowland Clark – Barclays Andrew Tam – Redburn Atlantic Joe Thomas – HSBC Operator Good morning, and welcome to the Flutter First Quarter 2024 Earnings Call hosted by CEO, Peter Jackson; and CFO, Paul Edgecliffe-Johnson. Please note, this conference is being recorded and for the duration of the call your lines will be in listen-only.
- 05/14/2024
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UK should scrap stamp duty for stocks, says Flutter boss
- Britain should stop taxing people for trading shares if it wants to help reignite its stock market, the chief executive of Sky Bet owner Flutter Entertainment PLC (LSE:FLTR) said. Peter Jackson, the CEO of Flutter, argued the removal of the 0.5% stamp duty tethered on when buying shares could help the LSE grow, having recently faced an exodus of companies either being taken private or moving countries.
- 05/14/2024
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Flutter's losses widen, but US sales soar as listing looms
- The justification for betting giant Flutter Entertainment PLC (LSE:FLTR)'s primary listing to the US was writ large in today's first-quarter results. US revenues, which largely comprise its subsidiary FanDuel, grew 32% and turned an adjusted profit of $26 million compared to a loss of $53 million in the previous year.
- 05/14/2024
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Flutter Entertainment PLC Announces Q1 2024 Financial Results
- Flutter Entertainment Releases First Quarter 2024 Financial Results DUBLIN, IRELAND & TORONTO, ONTARIO / ACCESSWIRE / May 14, 2024 / Flutter Entertainment (NYSE:FLUT)(LSE:FLTR), the world's leading online sports betting and iGaming operator, today announced results for Q1 20241. Key financial highlights: Three months ended March 31 In $ millions except percentages and average monthly players 2024 2023 YOY Average monthly players (AMPs) ('000s)2 13,722 12,349 +11 % Revenue 3,397 2,918 +16 % Net loss (177 ) (111 ) (59 %) Adjusted EBITDA3,4 514 352 +46 % Adjusted EBITDA Margin 3 15.1 % 12.1 % +310bps Net loss per share($) (1.10 ) (0.58 ) (92 %) Adjusted earnings per share ($)3 0.10 0.69 (85 %) Net cash provided by/(used in) operating activities 337 (49 ) Adjusted Free Cash Flow 3 157 (50 ) Leverage ratio (December 2023 3.1x)3,4 2.8 x Group strategy delivering continued strong growth with revenue +16% US produced another excellent quarter; AMPs2 +15% and revenue +32%, despite unfavorable sports results in the second half of March: FanDuel #1 brand in both sportsbook (net gaming revenue (NGR) share 52%; gross gaming revenue (GGR) share 46%) and iGaming (record GGR share of 27%) in Q1 20245 Very successful launch in North Carolina with 5.3% adult population signed up to FanDuel in first 45 days; new player acquisition in pre-2022 states +12%; projected payback in line with historic trends6 Product enhancements driving iGaming player (AMPs2 +34%) and revenue (+49%) growth FanDuel a founding member of the Responsible Online Gaming Association (ROGA) Group Ex-US AMPs2 +10% and revenue +8% benefitting from strong performance in iGaming (revenue +15%) and the acquisition of MaxBet in January: Improved iGaming cross-sell rates in UKI driven by product improvements In International, Sisal delivered market share gains in Italy, with iGaming performance mitigating the impact of unfavorable sports results US primary listing expected to become effective on May 31, 2024 Q1 2024 financial overview Net loss of $177m, $66m higher year on year, after non-cash charges of $356m due to (i) $172m acquired intangibles amortization; and (ii) $184m (Q1 2023 $64m) fair value change in Fox Option liability Group AdjustedEBITDA3 of $514m, +46%: US Adjusted EBITDA3 of $26m (Q1 2023 -$53m), driven by strong revenue growth and significant operating leverage; Adjusted EBITDA margin3 +680bps, despite continued disciplined US player acquisition investment Group Ex-US Adjusted EBITDA3 of $488m +20%, reflecting increased revenue and Adjusted EBITDA margin3 expansion of 260bps, primarily driven by sales and marketing leverage and a one-offcredit from the settlement of historic litigation Group's financial growth algorithm driving Adjusted EBITDA Margin3 accretion, +310bps to 15.1% Net loss per share and adjusted earnings per share decreases of $0.52 and $0.59 primarily due to the Fox Option charge (-$1.04), offsetting improved financial performance Net cash provided by operating activities increased $386m to $337m primarily driven by the strong operational performance converting into cash and year on year movement in US player deposits Adjusted Free Cash Flow3 of $157m (Q1 2023 -$50m) and leverage ratio3,4 of 2.8x at March 31, 2024 based on last 12 months Adjusted EBITDA3 (December 31, 2023 3.1x), both benefitting from improved financial performance year on year 2024 Outlook Remain confident in financial year 2024 guidance7 provided at financial year 2023 results announcement on March 26, 2024, despite unfavorable US sports results in the last two weeks of March Peter Jackson, CEO, commented: "We have had an excellent start to the year.
- 05/14/2024
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Flutter to prep for US switch in upcoming results, says analyst
- Flutter Entertainment PLC (LSE:FLTR), the owner of Paddy Power and Sky Bet, will be providing one of its last quarterly updates on the London Stock Exchange on Tuesday 14 May. Shareholders voted last month in favour of moving its primary listing over to the US, following the success of its sportsbook FanDuel and the growing divide in valuations overseas.
- 05/09/2024
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Flutter: Nurturing The Kentucky Derby, A Possible One Event Betting Phenomenon
- Flutter Entertainment plc is focusing on the revival of horse racing as a valuable business for sports betting.
- 05/06/2024
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FanDuel Picks NY Over London for Primary Listing
- FanDuel is reportedly preparing to switch its public listing to the U.S. markets. Shareholders in Flutter Entertainment, FanDuel's Ireland-based owner, have voted to move the online betting group's listing from London to the New York Stock Exchange, Bloomberg News reported Wednesday (May 1).
- 05/01/2024
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Flutter shareholders vote overwhelmingly to shift listing to US
- Another high-profile UK technology business is to pack its bags and head for the US after gaming giant Flutter shareholders approved a shift of primary listing to New York. A resounding 98% of owners voted for the move with the Flutter likely to complete the journey across the Atlantic by the end of the month.
- 05/01/2024
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Google layoffs continue as cuts hit Flutter, Dart, and Python teams
- Layoffs at Google have reportedly hit Flutter, Dart, and Python teams. A Google representative confirmed layoffs to TechCrunch but did not disclose the specifics.
- 04/30/2024
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Google lays off staff from Flutter, Dart & Python weeks before its developer conference
- Ahead of Google's annual I/O developer conference in May, the tech giant has laid off staff across key teams like Flutter, Dart, Python, and others, according to reports from impacted employees shared on social media. Google confirmed the layoffs to TechCrunch, but not the specific teams, roles, or headcount impacted.
- 04/29/2024
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Flutter Entertainment PLC Announces Notice of Q1 Results
- Flutter Entertainment to Report First Quarter 2024 Financial Results and Host a Conference Call on May 14, 2024 DUBLIN, IRELAND AND TORONTO, ON / ACCESSWIRE / April 23, 2024 / Flutter Entertainment plc ("Flutter") (LSE:FLTR)(NYSE:FLUT), the leading online sports betting and iGaming operator, today announced that it will release its first quarter 2024 financial results on Tuesday, May 14, 2024 at 7:00 a.m. BST (2:00 a.m.
- 04/23/2024
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CELEBRATE THE 150TH KENTUCKY DERBY WITH FANDUEL, THE ONLY SPORTSBOOK APP WHERE YOU CAN BET ON THE RACE
- As an official partner of Churchill Downs Inc., FanDuel will bring fans unparalleled access all Derby Week with unique betting options, live FanDuel TV coverage and exclusive events NEW YORK , April 22, 2024 /PRNewswire/ -- FanDuel, North America's premier online gaming company, and the only sportsbook app where fans can place a bet on the Kentucky Derby, is sprinting out of the starting gate to help make the 150th "Run for the Roses" the most memorable yet. Through a combination of offers, activations, and industry-leading coverage, FanDuel will provide fans with unparalleled access for the race, on the ground and beyond.
- 04/22/2024
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Flutter Entertainment PLC Announces Pricing of Senior Secured Notes
- NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DO SO Flutter announces the pricing of $525 million aggregate principal amount of 6.375% Senior Secured Notes due 2029 and €500 million aggregate principal amount of 5.000% Senior Secured Notes due 2029 DUBLIN, IRELAND and TORONTO, ON / ACCESSWIRE / April 17, 2024 / Flutter Entertainment plc ("Flutter") (LSE:FLTR)(NYSE:FLUT), today announced the pricing of an offering (the "Offering") of $525 million aggregate principal amount of USD-denominated 6.375% senior secured notes due 2029 (the "USD Notes") and €500 million aggregate principal amount of EUR-denominated 5.000% senior secured notes due 2029 (the "EUR Notes" and, together with the USD Notes, the "Notes"), each issued at 100% of their nominal value, by its subsidiary Flutter Treasury DAC (the "Issuer"). An application will be made for the Notes to be admitted to trading on The International Stock Exchange Authority Limited.
- 04/17/2024
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Flutter Entertainment PLC Announces Launch of Offering of Senior Secured Notes
- NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DO SO Flutter announces launch of offering of $1,050 million equivalent aggregate principal amount of Senior Secured Notes due 2029 DUBLIN, IRELAND and TORONTO, ON / ACCESSWIRE / April 16, 2024 / Flutter Entertainment plc ("Flutter") (LSE:FLTR)(NYSE:FLUT), today announced the launch of an offering (the "Offering") of $1,050 million equivalent aggregate principal amount of USD-denominated senior secured notes due 2029 (the "USD Notes") and EUR-denominated senior secured notes due 2029 (the "EUR Notes" and, together with the USD Notes, the "Notes") by its subsidiary Flutter Treasury DAC (the "Issuer"). An application will be made for the Notes to be admitted to trading on The International Stock Exchange Authority Limited.
- 04/16/2024
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Rolls-Royce, ASML, Flutter, Beazley tipped among 'whatever weather winners'
- Rolls-Royce, Glencore and Tesco were highlighted among several “whatever the weather” winners that are seen as enjoying multi-year sustainable advantages over rivals and upside to their shares, according to investment bank Jefferies. Drawing insights across all sector analysts, a list was drawn up of over European stocks that “can generate superior risk-adjusted returns”, with an average 19% upside in 12-month targets and 48% upside in long-view upside cases.
- 04/10/2024
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Sportsbooks report record betting throughout the March Madness tournament
- CNBC's Contessa Brewer reports on the stocks set to benefit from March Madness.
- 04/09/2024
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3 Sports Betting Stocks I'm Watching
- Most states have now legalized sports betting to some degree, But the industry is far from having reached its eventual potential size. Helping drive the industry's growth is the tax revenue that the states receive.
- 04/03/2024
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FanDuel says Iowa-LSU game was its biggest betting event of all time for women's sports
- FanDuel says Iowa-LSU game was its biggest betting event of all time for women's sports
- 04/02/2024
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Flutter Entertainment: It's All About Scale In The Sports Betting Sector
- Flutter's transition to trading on the NYSE has increased its penetration into the US investor pools. FLUT, the largest international online sports betting platform, is expected to benefit from its scale against peers. The growth of Fan Duel in the US has been a major driver of FLUT's success, and the company is projected to turn profitable this year.
- 03/31/2024
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Flutter CEO talks expansion plans, NYSE listing
- Shares of Flutter Entertainment (FLUT) — the owner of the popular sports betting app FanDuel — are soaring after the company reported a revenue jump of over 40%. Flutter CEO Peter Jackson joins Yahoo Finance Live to discuss the company's future plans.
- 03/29/2024
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Flutter well positioned against US clampdowns - analysts
- Flutter Entertainment PLC (LSE:FLTR) is well positioned to address the likes of higher taxes, potential clampdowns on VIP schemes and prospective bans on college betting, analysts have said. Responding to media reports that each were being called for, Jefferies argued “Flutter sits in a relatively better position to address [these]”.
- 03/28/2024
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Largest U.S. sportsbooks join forces to tackle problem gambling
- CNBC's Contessa Brewer joins 'Squawk Box' to report on the latest news from the nation's largest gaming companies.
- 03/27/2024
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Flutter results prove US the right horse to bet on
- Paddy Power and FanDuel owner Flutter Entertainment PLC (LSE:FLTR)'s annual results proved one thing- the group's decision to list in the US was less of a risky gamble and more of a sure bet. Flutter listed its shares on the New York Stock Exchange on 29 January, concurrently confirming a primary listing switcheroo while keeping a secondary listing on the London Stock Exchange.
- 03/26/2024
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Flutter Entertainment posts 25% surge in sales as bet on FanDuel pays off
- Gambling giant Flutter Entertainment on Tuesday posted a 25% surge in its revenue – driven by the fast-paced growth of its U.S. subsidiary FanDuel – while also reporting a widening of its overall losses after a series of multi-million-dollar impairment charges hit its bottom line.
- 03/26/2024
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Paddy Power owner Flutter hails positive US earnings
- Paddy Power owner Flutter Entertainment PLC (LSE:FLTR) saw global revenues grow by 24.6% year-on-year to $11.79 billion (£9.3 billion) in 2023, although net losses widened to $1.21 billion from $370 million in the previous year. This net loss was primarily due to significant non-cash charges, including a $725 million impairment on the PokerStars trademark.
- 03/26/2024
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Online gambling's record February: Flutter and Entain come up trumps
- US investment bank Jefferies' latest insights into the US online gambling sector highlighted a record-breaking February for US iGaming revenues and significant growth in online sports betting (OSB). According to Jefferies, the US iGaming market set a new record with gross gaming revenue (GGR) reaching $649 million, marking a 31% increase year-over-year.
- 03/25/2024
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Flutter and Entain little moved by Super Bowl success for US bookies
- Neither of the two big UK bookmakers - Flutter Entertainment PLC (LSE:FLTR) and Entain PLC (LSE:ENT) - seemed to have been swayed by the latest positive data emanating from the US covering February. The read-out is important on two counts.
- 03/18/2024
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Flutter Receives Major Upgrades: Investor Interest Skyrockets
- Since listing on the New York Stock Exchange at the end of January, shares of Flutter Entertainment plc NYSE: FLUT have gone from strength to strength. They've gained more than 40% since January's low and are closing in on the all-time high they'd previously traded in 2021.
- 03/15/2024
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Flutter Entertainment upgraded on US prospects by JP Morgan
- Flutter Entertainment has received an upgrade from JP Morgan which is taking a more positive stance on the Betfair and Paddy Power owner than previously on its prospects in the US. FanDuel is Flutter's big brand in the US and JP Morgan has raised forecasts for revenue and profit growth at the business into double-digits from 2026 onwards.
- 03/13/2024
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FanDuel, DraftKings both see huge Super Bowl betting totals
- Super Bowl LVIII was great for ratings, averaging a record 123.7 million viewers, according to Nielsen. It also appeared to be a notable one for major betting companies.
- 02/16/2024
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DraftKings and FanDuel are set to be the big Super Bowl winners amid record betting activity fueled by Taylor Swift
- DraftKings and FanDuel will be the top beneficiaries from record Super Bowl betting, Bank of America wrote on Friday. Equity strategist Shaun Kelley expects Taylor Swift's presence to boost bets.
- 02/10/2024
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Super Bowl LVIII: FanDuel CEO Expects Millions of Bets
- As the Super Bowl approaches this weekend, sports bets are rolling in. FanDuel CEO Amy Howe joins Ed Ludlow and Caroline Hyde for a look at what people are betting on ahead of the sporting event of the year - including Taylor Swift.
- 02/09/2024
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FanDuel CEO Amy Howe on Super Bowl 58, sports betting market and Taylor Swift impact
- CNBC's Contessa Brewer and FanDuel CEO Amy Howe join 'Squawk Box' to discuss the sports betting market ahead of this weekend's Super Bowl, impact on Taylor Swift, competition in the sports betting industry, and more.
- 02/09/2024
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Flutter undervalued despite US dominance and 2024 tailwinds, says broker
- Betting companies like Flutter Entertainment PLC (LSE:FLTR), Entain and 888 are set to benefit from growth in both their US and online markets, outweighing any regulatory headwinds, analysts believe. Stateside bank Jefferies stamped a ‘buy' rating on both stocks, although Paddy Power owner Flutter received the ‘top pick' status due to its “outsized benefits” regarding its ability to gain online market leadership.
- 02/06/2024
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Game On: 3 Sports Betting Stocks Worthy of a Wager
- People have been placing their bullish bets on the sports betting stocks of late, with the broader basket gaining considerable momentum. While the Magnificent Seven stocks stole the show (yet again) this earnings season, I think other corners of tech are more than worthy of the attention of growth-savvy investors.
- 02/05/2024
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Flutter and Entain in good spot as Super Bowl fever rises, says US bank
- US bookmakers are heading for a bumper start to 2024, according to broker Jefferies, which has reiterated buy recommendations on Entain and Flutter, two of the largest players in the market. Ajed of the week's Super Bowl between San Francisco and Kansas City, the bank wrote: “Signs remain encouraging for the bookmakers, with high engagement and betting activity,” especially in the newly legalised areas such as Ohio.
- 02/05/2024
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U.S. IPO Weekly Recap: Amer Sports' Billion-Dollar U.S. IPO Leads A Week Of Large Listings
- Sports equipment and apparel maker Amer Sports priced below the range to raise $1.3 billion at a $6.4 billion market cap. CNS disorder biotech Alto Neuroscience priced its upsized IPO at the top of the range to raise $129 million at a $456 million market cap.
- 02/04/2024
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3 High-Growth Stocks to Buy for Maximum Wealth Building
- Artificial intelligence (AI) isn't the only area of the stock market where investors can find high-growth stocks in 2024. While the market rally isn't broad-based, there are pockets where stocks are flying and delivering big gains to investors.
- 01/30/2024
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FanDuel parent lists on the NYSE as sports betting surges ahead of Super Bowl LVIII
- Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy.
- 01/29/2024
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DraftKings early investor on Flutter's listing
- Rick Heitzmann, Cofounder FirstMark, joins the 'Fast Money' traders to discuss Flutter's IPO and his IPO market outlook.
- 01/29/2024
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Flutter Entertainment (FLUT) CEO On Sports Betting
- Flutter Entertainment (FLUT) is now listed on the NYSE. CEO Pal Edgecliff-Johnson joins Nicole Petallides to discuss the company and what lies ahead for the U.S. sports betting market.
- 01/29/2024
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DKNG Stock Alert: What Flutter Entertainments' NYSE Listing Means for DraftKings
- On paper, DraftKings (NASDAQ: DKNG ) shareholders should feel pressure from a new competitor in the publicly traded sports betting scene. Earlier on Monday, Flutter Entertainment (NYSE: FLUT ) made its U.S. trading debut on the New York Stock Exchange (NYSE) under the ticker symbol FLUT.
- 01/29/2024
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FanDuel Owner Takes on DraftKings on NYSE
- FanDuel parent company Flutter is now trading on the New York Stock Exchange. The Ireland-based company announced in a Monday (Jan.
- 01/29/2024
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FLUT Stock: 10 Things to Know as Flutter Entertainment Starts Trading in the U.S.
- As the U.S. prepares for Super Bowl 2024, Wall Street is cheering on the newest sports betting stock to hit the market. International gambling giant Flutter Entertainment (NYSE: FLUT ) begins trading today on the New York Stock Exchange (NYSE).
- 01/29/2024
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Flutter Begins Trading on the NYSE. CEO Says It's the ‘Right Place for Us to Be.
- The online sports-betting company will have a secondary listing in New York, but hopes to make it the primary one.
- 01/29/2024
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Rob Gronkowski on Flutter's NYSE debut, sports betting landscape and Super Bowl prediction
- Rob Gronkowski, former NFL player and four-time Super Bowl champion, joins 'Squawk on the Street' to discuss Flutter's NYSE debut, Super Bowl prediction, the future of sports betting, and more.
- 01/29/2024
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Flutter to shift main listing to US in latest blow to London
- Flutter Entertainment PLC (LSE:FLTR) on Monday said it plans to move its main stock listing to the US in the leatest blow to London's ailing stock market. The Paddy Power owner made the announcement as share in the firm prepare to debut in the US.
- 01/29/2024
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