Country Sensation Shaboozey to Headline FanDuel's Kentucky Derby Party
- The exclusive FanDuel Party will pay tribute to the horseracing community with a $100,000 donation to the Thoroughbred Aftercare Alliance NEW YORK , April 9, 2025 /PRNewswire/ -- FanDuel Group, the premier online gaming company in North America and an Official Partner of Churchill Downs Inc, announced today that Grammy-nominated country music sensation Shaboozey will be headlining the FanDuel Kentucky Derby Party. Following last year's buzzworthy inaugural event featuring performances by Luke Bryan and Ne-Yo, FanDuel is once again bringing star power to Derby weekend's social calendar with the exclusive, invite-only event set to take place on Friday, May 2nd at Paristown Arts and Entertainment District in Louisville, Kentucky.
- 04/09/2025
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Flutter Entertainment: Among The Best Crash-Resistant Stocks In Its Sector
- FLUT's minimal dependence on tariff-heavy products and services shields it from significant macroeconomic impacts. Historical data shows FLUT's revenue loss during downturns is under 8%, with a strong recovery within three quarters. Potential entry into two new states this year is expected to offset any losses.
- 04/08/2025
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Main Street Sports Group Names Jo Sauer as General Counsel of FanDuel Sports Network
- SOUTHPORT, Conn.--(BUSINESS WIRE)--Main Street Sports Group, owner of FanDuel Sports Network, today announced that Jo Sauer will join its senior leadership team, serving as General Counsel, effective April 7. As General Counsel, Ms. Sauer will partner with business leaders across the organization to help shape and execute FanDuel Sports Network's legal, business, and operational strategies. She will oversee the network's legal team, providing corporate governance and counsel on all legal matter.
- 03/25/2025
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FanDuel Sports Network Announces Strategic Partnerships With SB Nation and Yahoo Sports to Drive Subscriber Growth and Awareness
- SOUTHPORT, Conn.--(BUSINESS WIRE)--FanDuel Sports Network, owned and operated by Main Street Sports Group, today announced two new strategic partnerships with SB Nation and Yahoo Sports aimed at accelerating subscriber growth and expanding awareness of its direct-to-consumer (DTC) offering for the 2025 Major League Baseball season. Collaborations with SB Nation and Yahoo Sports will support FanDuel Sports Network's reach by targeting highly engaged fans across key digital platforms to drive vie.
- 03/24/2025
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Flutter Entertainment: Updated Reportable Segment Financial Data
- Flutter Entertainment publishes historical financial data to reflect 2025 segment reporting changes Flutter Entertainment publishes historical financial data to reflect 2025 segment reporting changes
- 03/24/2025
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Flutter Entertainment: Betting Powerhouse Poised For Growth
- Flutter Entertainment leads the global sports betting and iGaming market, with 90% of revenue from online channels, benefiting from digital adoption trends. FY 2024 results: Revenue up 14% to $14.05B, adjusted EBITDA up 5% to $2.36B, and free cash flow conversion surged 177%. 2025 outlook: Revenue projected at $15.9B (+13%), adjusted EBITDA at $3.2B (+34%), with strong US and international growth potential.
- 03/22/2025
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Flutter Entertainment: Gambling Obsession Could Pay Off Big
- Flutter Entertainment plc is a global leader in one of the more intriguing growth industries of our time, legalized gambling. My investment thesis highlights strong revenue growth and market expansion as key drivers. FLUT has dipped in price, allowing me to step in as part of my new long-term growth portfolio.
- 03/20/2025
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March Madness Sparks Big Moves in 3 Sports Betting Stocks
- Sports betting stocks are in the spotlight as March Madness drives a surge in wagering activity, with DraftKings Inc (NASDAQ:DKNG), Robinhood Markets Inc (NASDAQ:HOOD), and Flutter Entertainment PLC (NYSE:FLUT) all making notable moves.
- 03/20/2025
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March Madness: Flutter Stock Is a Solid Bet on Sustained Growth
- If you're a sports fan, March means basketball. And if you're a fan of the sports betting site FanDuel, it's a good reason to pay attention to the stock of FanDuel's parent company, Flutter Entertainment plc NYSE: FLUT.
- 03/20/2025
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FanDuel Introduces Industry-First Television Show and Reinforces Responsible Gaming Initiatives During Problem Gambling Awareness Month
- New problem gambling recovery show with Craig Carton premieres and "Trusted Voices: Conversations About Betting" program introduces new resources NEW YORK , March 19, 2025 /PRNewswire/ -- March is Problem Gambling Awareness Month, and FanDuel, North America's premier online gaming company, is continuing to build its Responsible Gaming platform through new programming designed to expand access to responsible gaming education. The company is expanding its relationship with Craig Carton to launch "The Comeback with Craig Carton," a new FanDuel TV show that will focus on problem gambling recovery.
- 03/19/2025
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FanDuel Unveils New Product Enhancements to Offer Customers Unparalleled Flexibility in Time for March Basketball
- Exclusive new features include an exclusive ability to combine picks from multiple tournament rounds into one parlay and a new Bet Back Promotional Token NEW YORK , March 14, 2025 /PRNewswire/ -- FanDuel, North America's premier online gaming company, today announced new industry-first product innovations in time for the March college basketball tournament, including an exclusive tournament feature that allows customers to combine picks across multiple rounds into a single parlay and a new Bet Back Token that allows customers to get out of a bet if it is not going to plan. The Bet Back Token will be available for use on any college basketball game beginning March 17, and customers can also begin building their tournament parlays once the bracket is set on Sunday, March 16.
- 03/14/2025
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Flutter Stock Undervalued After Q4 Results, Guidance: Analyst Says 'Earnings Transformation' Underway
- Flutter Entertainment FLUT analysts highlight the sports betting and iGaming market share growth of the company after fourth-quarter financial results and guidance.
- 03/05/2025
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Flutter Entertainment plc Announces Launch of Second Tranche of Share Repurchase Program
- NEW YORK, March 05, 2025 (GLOBE NEWSWIRE) -- Flutter Entertainment plc (“Flutter”) (NYSE:FLUT; LSE:FLTR), the world's leading online sports betting and iGaming operator, announces that it has entered into non-discretionary arrangements with Goldman Sachs & Co. LLC to repurchase ordinary shares on Flutter's behalf for an aggregate maximum consideration of up to $300 million on the New York Stock Exchange (the “Buyback”).
- 03/05/2025
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Flutter Entertainment nudges 2% higher after making a strong start to 2025
- Flutter Entertainment PLC (LSE:FLTR) shares rose 2% in early trading on Wednesday after the company issued confident guidance for 2025, projecting strong revenue and profit growth. The gambling giant, which owns FanDuel in the US, expects adjusted core profit to increase by 34% to $3.2bn this year, with revenue forecast to rise 13% to $15.9bn.
- 03/05/2025
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Flutter Entertainment plc (the "Company"): Publication of Annual Report and Accounts 2024
- DUBLIN and TORONTO, March 05, 2025 (GLOBE NEWSWIRE) -- Flutter Entertainment plc announces that its Annual Report on Form 10-K for the financial year ended 31 December 2024 (the "Annual Report on Form 10-K") has been published and filed with the U.S. Securities and Exchange Commission (the "SEC")
- 03/05/2025
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Flutter Entertainment plc (FLUT) Q4 2024 Earnings Call Transcript
- Flutter Entertainment plc (NYSE:FLUT ) Q4 2024 Earnings Conference Call March 4, 2025 4:30 PM ET Company Participants Paul Tymms - Director of Investor Relations Peter Jackson - Chief Executive Officer Rob Coldrake - Chief Financial Officer Conference Call Participants Ed Young - Morgan Stanley Clark Lampen - BTIG Brandt Montour - Barclays Bernie McTernan - Needham & Company Jordan Bender - Citizens JMP Paul Ruddy - Davy Dan Politzer - Wells Fargo Jed Kelly - Oppenheimer Barry Jonas - Truist Securities Jeff Stantial - Stifel Joe Stauff - Susquehanna Robert Fishman - MoffettNathanson Chad Beynon - Macquarie John DeCree - CBRE Benjamin Shelley - UBS Adrien de Saint Hilaire - Bank of America Ryan Sigdahl - Craig-Hallum Capital Group Operator Good afternoon and welcome to Flutter's Q4 and Fiscal Year 2024 Earnings Call hosted by CEO, Peter Jackson; and CFO, Rob Coldrake. Please note, this conference call is being recorded.
- 03/04/2025
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Markets Break Lower as Tariff Realities Manifest
- The specter of higher production costs across the board based on fresh tariffs are giving the market heartburn.
- 03/04/2025
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EARNINGS ALERT: CRWD & FLUT
- FanDuel parent company Flutter (FLUT) reported a strengthened balance sheet and believes its FY24 momentum has carried into 2025. Meanwhile, Crowdstrike (CRWD) fell on weaker-than-expected guidance.
- 03/04/2025
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Flutter Entertainment Reports Fourth Quarter 2024 Financial Results
- NEW YORK, March 04, 2025 (GLOBE NEWSWIRE) -- Flutter Entertainment (NYSE:FLUT; LSE:FLTR), the world's leading online sports betting and iGaming operator, announces Q4 and full year 2024 results and introduces 2025 guidance. Key financial highlights: In $ millions except where stated otherwise Three months ended December 31 Fiscal year ended December 31 2024 2023 YOY 2024 2023 YOY Average monthly players (AMPs) (‘000s)1 14,605 13,588 +7 % 13,898 12,325 +13 % Revenue 3,792 3,313 +14 % 14,048 11,790 +19 % Net income (loss) 156 (902 ) +117 % 162 (1,211 ) +113 % Net income (loss) margin 4.1 % (27.2 )% +3,130bps 1.2 % (10.3 )% +1,150bps Adjusted EBITDA2,3 655 632 +4 % 2,357 1,875 +26 % Adjusted EBITDA Margin2 17.3 % 19.1 % (180)bps 16.8 % 15.9 % +90bps Earnings (loss) per share ($) 0.45 (5.14 ) +109 % 0.24 (6.89 ) +103 % Adjusted earnings per share ($)2 2.94 1.76 +67 % 7.27 4.42 +64 % Net cash provided by operating activities 652 391 +67 % 1,602 937 +71 % Free Cash Flow2 473 172 +175 % 941 335 +181 % Leverage ratio2 2.2x 3.1x (0.9)x FY 2024 highlights: Unparalleled scale and strategic execution underpinned Flutter's global leadership during the year: Strong full year 2024 performance; AMPs +13% and revenue +19% FanDuel leadership extended; now number one operator for both sportsbook and iGaming4 Ex-US portfolio expanded; MaxBet added, substantial growth from local heroes in UK and Italy Significant earnings transformation; net income +113%, Adjusted EBITDA +26% as US rapidly scales Excellent cash conversion; net cash provided by operating activities +$0.7bn year-over-year Balance sheet further strengthened; leverage ratio 2.2x, reduced from 3.1x at December 31, 2023 Share repurchase program commenced; $121m returned in Q4 with up to $1bn expected in 2025 Strong momentum carried into 2025 Q4 2024 overview: Encouraging Q4 with Group AMPs +7%, revenue +14%, net income+117%, and Adjusted EBITDA +4% positioning Flutter exceptionally well for 2025 Net income +117% to $156m included the non-cash impact of a (i) $134m acquired intangibles amortization charge and (ii) $212m fair value loss on Fox Option liability.
- 03/04/2025
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Abrdn, Flutter and Greggs tee up busy Tuesday ahead
- Abrdn, Flutter and Greggs are among a spate of firms set to update on a packed Tuesday ahead.
- 03/03/2025
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Best Growth Stocks to Buy for March 3rd
- BGC, DAN and FLUT made it to the Zacks Rank #1 (Strong Buy) growth stocks list on March 3, 2025.
- 03/03/2025
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Billionaire Brad Gerstner's Altimeter Capital Dumps Largest China Holding and Invests in These 2 Two Top 15 Stocks
- Brad Gerstner's hedge fund, Altimeter Capital Management , made 27 moves in the fourth quarter, none more important than closing out its seventh-largest position, KraneShares CSI China Internet ETF (NYSEARCA:KWEB).
- 03/02/2025
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3 Top Ranked Stock to Buy on this Pullback (FLUT, GRMN, PLMR)
- Market volatility has picked up in recent weeks, leading to sharp declines in numerous high-flying stocks. Even some of the market's strongest names, including Palantir, Applovin, and established giants like Amazon and Alphabet, have faced considerable selling pressure.
- 02/27/2025
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Best Growth Stocks to Buy for February 27th
- BGC, HLF and PAX made it to the Zacks Rank #1 (Strong Buy) growth stocks list on February 27, 2025.
- 02/27/2025
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FanDuel Sports Network Appoints Sarah Tourville to Lead West/SoCal and Midwest/Kansas City/Indiana Regions
- SOUTHPORT, Conn.--(BUSINESS WIRE)--FanDuel Sports Network, owned and operated by Main Street Sports Group, today announced that Sarah Tourville is joining the Company as Executive Vice President, Team Partnerships, effective March 31. In this role, Ms. Tourville will assume oversight of several regions, including FanDuel Sports Network Kansas City, Indiana, Midwest, SoCal and West. She will be responsible for partnership with the Indiana Pacers, Kansas City Royals, Los Angeles Angels, Los Angel.
- 02/25/2025
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Flutter Entertainment Announce Management Participation in Upcoming Event
- DUBLIN and TORONTO, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Flutter Entertainment ("Flutter") (NYSE:FLUT, LSE:FLTR), the leading online sports betting and iGaming operator, today announced that Peter Jackson, Chief Executive Officer, and Rob Coldrake, Chief Financial Officer, will participate in the following event:
- 02/25/2025
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Best Growth Stocks to Buy for February 25th
- Here are three stocks with buy ranks and strong growth characteristics for investors to consider today February 25th:
- 02/25/2025
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FanDuel Sports Network Appoints Steve Simpson to Lead South and Southeast Regions
- SOUTHPORT, Conn.--(BUSINESS WIRE)--FanDuel Sports Network, owned and operated by Main Street Sports Group, today announced that Steve Simpson will now oversee FanDuel Sports Network South and FanDuel Sports Network Southeast as Executive Vice President, Team Partnerships for the networks. Simpson, who currently leads team partnerships for the network's West/SoCal, Southwest/Oklahoma and Midwest/Kansas City/Indiana regions, brings over 25 years of experience to this position. Following the retir.
- 02/20/2025
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DraftKings Vs. Flutter: The Game Is Afoot, Super Bowl Boost Brings Top Market Share
- DraftKings Inc. has matched FanDuel with 37% sports betting market share after a strong Super Bowl performance, boosting its stock by over 11%. The CEO has raised 2025 guidance, projecting EBITDA between $900 million and $1 billion, indicating strong future growth. With continued momentum, DKNG stock is expected to reach $62 by summer, presenting a compelling investment opportunity.
- 02/18/2025
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Flutter Entertainment PLC: Notice of Q4 and Full Year Results 2024
- Flutter Entertainment to Report Fourth Quarter and Full Year 2024 Financial Results and Host a Conference Call on March 4, 2025
- 02/18/2025
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Are Consumer Discretionary Stocks Lagging Flutter Entertainment PLC (FLUT) This Year?
- Here is how Flutter Entertainment (FLUT) and Fox (FOXA) have performed compared to their sector so far this year.
- 02/10/2025
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Super Bowl Impact on Gambling Stocks: DKNG, FLUT, WYNN
- Zach Warring discusses gaming stocks ahead of Super Bowl LIX. One of his picks is DraftKings (DKNG), which is concentrated in the U.S. vs competitor Flutter (FLUT).
- 02/08/2025
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Here's what DraftKings and FanDuel want to see at Super Bowl LIX — after NFL bettors beat sportsbooks all season
- There's $1.39 billion in bets riding on the Super Bowl this weekend. Here's what sportsbooks do — and don't — want to see happen.
- 02/08/2025
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Best Growth Stocks to Buy for February 7th
- GBX, PBI and FLUT made it to the Zacks Rank #1 (Strong Buy) growth stocks list on February 7, 2025.
- 02/07/2025
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FanDuel CEO Amy Howe: We want to be one of the most trusted brands in all of sports & entertainment
- CNBC's Contessa Brewer and FanDuel CEO Amy Howe join 'Squawk Box' to discuss the promotional events around this year's Super Bowl, the company's new product offerings, responsible gaming, headwinds facing the industry, and more.
- 02/07/2025
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FanDuel Announces That Nearly Half of Customers Engaged with My Spend During the 2024-2025 NFL Season
- Product Innovations and bespoke marketing drive new levels of RG tool adoption as customers embrace personalized insights about their play NEW YORK , Feb. 7, 2025 /PRNewswire/ -- Today, FanDuel, North America's premier online gaming company, announced during the 2024-2025 NFL Season nearly half of its customers, approximately 3.5 million, reviewed their play activity using My Spend, a new personalized responsible gaming dashboard. The growing adoption demonstrates that customers are engaging with RG tools that provide personalized insights that help them to manage their time and spending on the platform.
- 02/07/2025
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The Real Super Bowl Winners: 3 Stocks Scoring Big
- As the Super Bowl captivates millions of viewers each year, it's not just the teams on the field that are scoring big—so are certain stocks. While fans cheer for touchdowns and commercials, companies tied to the big game hope to experience boosts in revenue and market performance.
- 02/06/2025
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Best Growth Stocks to Buy for February 3rd
- Here are three stocks with buy ranks and strong growth characteristics for investors to consider today February 3rd:
- 02/03/2025
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Flutter and Aviator Agree on a Long-term Commercial Partnership
- TBILISI, Georgia--(BUSINESS WIRE)--Flutter Entertainment (Flutter) and Aviator LLC (404612610) (Aviator) have agreed on a long-term commercial partnership, which will see Aviator-branded online games being marketed and distributed internationally by Flutter. As part of the deal both parties have agreed to settle their outstanding legal dispute.
- 01/30/2025
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HUFF N' MORE PUFF™ Slot Arrives Online Exclusively at FanDuel Casino
- FanDuel Casino will be the first to debut the HUFF N' PUFF™ family of slot games from Light & Wonder. JERSEY CITY.
- 01/28/2025
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Best Growth Stocks to Buy for January 23rd
- NCNO, PPC and FLUT made it to the Zacks Rank #1 (Strong Buy) growth stocks list on January 23, 2025.
- 01/23/2025
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Best Growth Stocks to Buy for January 21st
- NCNO, PPC and FLUT made it to the Zacks Rank #1 (Strong Buy) growth stocks list on January 21, 2025.
- 01/21/2025
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Flutter (FanDuel): 7 States Nearing Final Debate On Sports Betting, Outlook Promising
- Seven states pulling nearer to next steps to legalization of sports betting favors FLUT disproportionately as sector leader. We see 2 or possibly 3 advancing to the doorstep of going legal. The latest GeoComply report shows unmet demand in those states is huge.
- 01/20/2025
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Sports Betting Company Flutter Gets Buy Rating During NFL Playoffs: 'Core Multi-Year Holding'
- A Sports betting and iGaming analyst sees several catalysts for Flutter Entertainment FLUT that include the growing number of legalized states and size of the sports betting market.
- 01/17/2025
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Best Growth Stocks to Buy for January 17th
- BLBD, FLUT and STRA made it to the Zacks Rank #1 (Strong Buy) growth stocks list on January 17, 2025.
- 01/17/2025
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Flutter Entertainment Up 25% in 6 Months: What is Driving the Stock?
- FLUT benefits from the focus on technological advancements, product innovation and market share gains.
- 01/16/2025
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Best Growth Stocks to Buy for January 15th
- MPTI, FLUT and YPF made it to the Zacks Rank #1 (Strong Buy) growth stocks list on January 15, 2025.
- 01/15/2025
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Peyton Manning and Eli Manning Face Off Live at Super Bowl LIX in FanDuel's "Kick of Destiny 3" Campaign
- FanDuel customers can make a free pick in the FanDuel Sportsbook app on which Manning they think will win a live field goal competition for a chance to win a share of $10 million in Bonus Bets NEW YORK , Jan. 10, 2025 /PRNewswire/ -- FanDuel, North America's premier online gaming company and an Official Sports Betting Partner of the National Football League, announced that Peyton Manning and Eli Manning, both two-time Super Bowl Champions, will compete head-to-head on Super Bowl Sunday for the first time in their legendary careers as they face off at Super Bowl LIX in the next installment of the Kick of Destiny. In FanDuel's "Kick of Destiny 3," the Manning brothers will have to win with their legs instead of their arms in a kicking competition where they will both attempt field goals live in New Orleans on Super Bowl Sunday.
- 01/10/2025
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FanDuel and Flutter Donate $250,000 to Organizations Supporting Wildfire Relief Efforts in Los Angeles
- Company has been a member of the Los Angeles business community for 25 years and is committed to supporting its affected employees and the wider relief efforts NEW YORK and LOS ANGELES , Jan. 10, 2025 /PRNewswire/ -- FanDuel, its parent company Flutter Entertainment (NYSE: FLUT) and fellow subsidiary Flutter International today announced it is donating $250,000 to Americares and the Los Angeles Fire Department Foundation, in support of wildfire relief efforts throughout impacted communities in the greater Los Angeles area. Flutter and FanDuel have been proud members of the Los Angeles business community for nearly 25 years.
- 01/10/2025
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FanDuel owner Flutter takes $370 million hit from NFL bettors. Blame these winning teams.
- Flutter said this football season has seen the most “customer-friendly” NFL outcomes since the launch of online sports betting.
- 01/09/2025
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3 Gaming Stocks Set to Capitalize on Promising Industry Trends
- Robust online betting demand bodes well for the Gaming industry. Stocks like FLUT, GME and GDEV benefit from improving industry trends.
- 01/09/2025
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Detroit Lions Take Bite Out Of Sportsbooks: Analyst Advises Patience After Flutter Cuts Guidance
- A higher than average amount of NFL betting favorites won games in the 2024 season, which could be bad news for sportsbooks like Flutter Entertainment FLUT owned FanDuel and others.
- 01/08/2025
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FanDuel's Owner Flutter Warns Of Profit Drop After Gamblers Hit Winning Streak
- International sports betting operator Flutter has warned of a hit to revenues and profits after U.S. gamblers enjoyed a string of winning bets on American football games.
- 01/08/2025
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FanDuel Parent Flutter Entertainment Cuts Outlook as Too Many NFL Favorites Won
- Not enough upsets in the National Football League (NFL) season will hurt results for FanDuel parent Flutter Entertainment (FLUT).
- 01/08/2025
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PANW Pressure from Downgrades, PHM Upgrade, FLUT Cuts Guidance
- A positive note for the homebuilders after UBS upgraded Pultegroup (PHM) to buy. Palo Alto Networks (PANW) didn't see that same positivity after two analysts downgraded the stock, citing headwinds for the company and the cybersecurity space.
- 01/08/2025
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FanDuel Owner Flutter Cuts Guidance as Sports Bettors Win Big on the NFL
- Betting favorites had dominant seasons. That's bad news for the company's top line.
- 01/08/2025
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FanDuel's parent company just issued a profit warning. Blame the Detroit Lions.
- There aren't enough upsets in the National Football League, and that's upsetting for investors in sports betting companies including Flutter Entertainment, the owner of FanDuel.
- 01/08/2025
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Flutter takes US$400m hit as punters win big on American Football
- Flutter, the now US-listed Paddy Power revealed it had lost US$390m million recently due to a run of “very unfavourable” sports results. Most of the losses came from bets on American Football, the FanDuel owner revealed in an announcement last night.
- 01/08/2025
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Flutter Announces Update on Short-Term US Sports Results Impact
- NEW YORK--(BUSINESS WIRE)--Flutter Entertainment (NYSE:FLUT; LSE:FLTR) (“Flutter”), the world's leading online sports betting and iGaming operator today announces a brief update on the impact of US sports results on Q4 2024 trading. Following our Q3 earnings report on November 12, continued strong US player momentum has been offset by a period of very unfavorable US sports results across the remainder of November and in December, primarily on NFL Parlay and Same Game Parlay outcomes. The 2024/2.
- 01/07/2025
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Flutter Entertainment PLC Announces Update on Short-Term US Sports Results Impact
- DUBLIN, IRELAND, TORONTO, ON, AND NEW YORK, NY / ACCESSWIRE / January 7, 2025 / Flutter Entertainment (NYSE:FLUT)(LSE:FLTR) ("Flutter"), the world's leading online sports betting and iGaming operator today announces a brief update on the impact of US sports results on Q4 2024 trading. Following our Q3 earnings report on November 12, continued strong US player momentum has been offset by a period of very unfavorable US sports results across the remainder of November and in December, primarily on NFL Parlay and Same Game Parlay outcomes.
- 01/07/2025
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Citi names Flutter, Entain, Prosus top 2025 European gaming picks
- Citi analyst Monique Pollard says the firm's picks for 2025 in European gaming and internet are Entain (GMVHF), Flutter Entertainment (FLUT), and Prosus (PROSF). Citi is more constructive on the online gaming names for 2025, citing their "material" U.S. exposure and the ongoing margin expansion possible for the business-to-consumer names, the analyst tells investors in a research note. The firm likes Flutter's ongoing U.S. "dominance" and uplift from acquisitions. Flutter Entertainment +1.76 (+0.69%) Entain + (+0.00%) Prosus + (+0.00%)
- 01/06/2025
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Top Sports Betting Stocks Will Likely Outperform Sector In 2025 - Here Are Our Picks Of The Crop
- Sports betting growth is driving gaming shares, with BetMGM and Caesars Sportsbook well-positioned for market share gains in 2025. FanDuel and Draft Kings dominate the market, holding over 72% combined, and are expected to maintain their lead through 2030. The US sports betting market is booming, with 2024 revenue hitting $13 billion and 2025 forecasted to reach $17.5 billion.
- 01/06/2025
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Flutter Entertainment PLC Completes Repricing of 2030 Term Loan
- DUBLIN, IRELAND and TORONTO, ON and NEW YORK, NY / ACCESSWIRE / December 19, 2024 / Flutter Entertainment (NYSE:FLUT)(LSE:FLTR) ("Flutter"), the world's leading online sports betting and iGaming operator today announces that it has successfully completed a repricing of approximately $3.885 billion of its Term Loan B issued in November 2023 due 2030 ("Term Loan"). The repricing reduces the applicable interest rate on the Term Loan by 25 basis points from Secured Overnight Financing Rate ("SOFR") plus 2.00% to SOFR plus 1.75%.
- 12/19/2024
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FanDuel Casino Launches First Co-Branded Slot Game with the NBA: NBA Super Slam
- NBA Super Slam is exclusively live on FanDuel Casino featuring official NBA marks in game JERSEY CITY, N.J., Dec. 18, 2024 /PRNewswire/ -- Today, FanDuel Group, the premier online gaming company in North America, announced the launch of a co-branded slot game with the National Basketball Association (NBA), NBA Super Slam.
- 12/18/2024
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Flutter still best bet in the online gambling brigade, top bank suggests
- Flutter Entertainment PLC (LSE:FLTR) has been rated the best of the online gambling groups by analysts at Deutsche Bank, who have also upped their price target by a quarter. Deutsche Bank adds it has been a year to remember for Flutter, which has been the best-performing share in the sector.
- 12/16/2024
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Flutter (FLUT) Upgraded to Strong Buy: Here's What You Should Know
- Flutter (FLUT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
- 12/11/2024
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Best Momentum Stocks to Buy for December 11th
- PFIS, FLUT and FIX made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on December 11, 2024.
- 12/11/2024
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FanDuel Bolsters Government Relations Team with Experienced Government Staffers
- FanDuel expands government affairs team with new hires who bring decades of experience and strong relationships to the organization NEW YORK , Dec. 11, 2024 /PRNewswire/ -- Today, FanDuel Group, the premier online gaming company in North America, announced that James Hartmann and Louis Trombetta have joined FanDuel as Directors of Government Relations. Both Trombetta and Hartmann bring a wealth of experience to the team as FanDuel looks to strengthen its relationships in existing states of operation and new states into which it aims to expand.
- 12/11/2024
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FanDuel Expands Suite of Responsible Gaming Tools with Introduction of My Spend
- 'My Spend' offers FanDuel customers streamlined way to view personal play stats and spending patterns and helps track budget NEW YORK , Dec. 10, 2024 /PRNewswire/ -- FanDuel, North America's premier online gaming company, today announced the introduction of My Spend, a new personalized responsible gaming dashboard designed to help customers track spending patterns and manage their budget. Customers can view personal stats related to their engagement with FanDuel, including amount deposited and net winnings over the last seven days, four weeks or three months.
- 12/10/2024
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Flutter Entertainment Up 28% in 3 Months: How to Play the Stock
- FLUT has demonstrated exceptional performance, driven by strong execution in its U.S. operations through FanDuel and steady growth across international markets.
- 12/09/2024
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5 Consumer Discretionary Stocks to Buy Ahead of Fed FOMC Meeting
- These five consumer discretionary stocks have strong revenue and earnings growth rate for 2025. These are: CCL, RCL, NCLH, RL, FLUT.
- 12/09/2024
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FanDuel Casino Sponsors Free Tolls and Rides on December 18th, 2024
- FanDuel Casino teams up with the South Jersey Transportation Authority's Atlantic City Expressway Pleasantville Toll Plaza, Port Authority of New York and New Jersey's PATH Commuter Rail Systemwide and PA SEPTA Broad Street [B] Line to offer one day of free tolls and rides in New Jersey and Pennsylvania. JERSEY CITY, N.J.
- 12/05/2024
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Rentokil Initial impresses with appointment of new finance chief from Flutter
- Rentokil Initial PLC (LSE:RTO) shares climbed after the pest controller, which has disappointed the market in the past year over its struggles to integrate a big US acquisition, appointed a new chief financial officer. Paul Edgecliffe-Johnson, who brings 25 years' experience in finance and international businesses, most recently having been CFO at Anglo-US betting giant Flutter Entertainmen, will join the board on 1 January 2025.
- 11/25/2024
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Casino Stock Hits Fresh High on New Coverage
- Casino stock Flutter Entertainment PLC (NYSE:FLUT) is trading at new record highs after Goldman Sachs initiated coverage with a "buy" rating.
- 11/22/2024
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Flutter Entertainment Can Be a Blue-Chip Sports Betting Stock
- When you think about stocks that are up 200% in 2024, investors thoughts will quickly go to technology stocks and names like NVIDIA Corp. NASDAQ: NVDA and Palantir Technologies Inc. (NYSE: PLTR). But after a strong earnings report, there's another name that may be joining that list, Flutter Entertainment plc NYSE: FLUT.
- 11/16/2024
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Big-name investors bought FanDuel owner Flutter Entertainment, filings show
- High-profile investors including Dan Loeb have flocked to Flutter Entertainment, the Irish gambling company that is the main owner of FanDuel and moved its primary listing to the U.S. in May.
- 11/15/2024
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Evolution Group Announces Partnership Extension with FanDuel Casino
- PHILADELPHIA , Nov. 14, 2024 /PRNewswire/ -- Evolution, the industry-leading B2B solution provider for casino operators, today announced a three-year extension of their US agreement with FanDuel Casino. The renewal strengthens the strategic partnership between the two companies, reaffirming Evolution as FanDuel's sole provider of core live dealer casino games.
- 11/14/2024
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FanDuel Parent Flutter Stock Hits All-Time High on Strong NFL Betting
- Shares of Flutter Entertainment (FLUT) traded at an all-time high Wednesday as the parent of sports gambling site FanDuel beat revenue estimates and boosted its guidance as it benefited from demand for wagering on National Football League games.
- 11/13/2024
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Flutter Entertainment PLC Announces Launch of Share Buyback Program
- Flutter Entertainment announces launch of first tranche of share repurchase program DUBLIN, IRELAND AND TORONTO, ON / ACCESSWIRE / November 13, 2024 / Flutter Entertainment (NYSE:FLUT)(LSE:FLTR), the world's leading online sports betting and iGaming operator, announces that it has entered into non-discretionary arrangements with Goldman Sachs & Co LLC to repurchase ordinary shares on Flutter's behalf for an aggregate maximum consideration of up to $350 million on the New York Stock Exchange (the "Buyback"). The Buyback will commence November 14, 2024, on the New York Stock Exchange, and will end no later than 31 March 2025.The purpose of the Buyback is to reduce the share capital of Flutter.
- 11/13/2024
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Flutter weighs in with another (modest) upgrade to full-year forecasts
- Flutter Entertainment PLC (LSE:FLTR) has raised its full-year forecast for the second consecutive quarter, attributing this to stronger-than-anticipated revenue growth from outside the US for the upgrade. The Paddy Power and Betfair owner saw a 24% increase in core profits from its long-established brands in the UK, Europe, and Australia, reaching $392 million for the quarter.
- 11/13/2024
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Flutter Entertainment plc (FLUT) Q3 2024 Earnings Call Transcript
- Flutter Entertainment plc (NYSE:FLUT ) Q3 2024 Earnings Call Transcript November 12, 2024 4:30 PM ET Company Participants Paul Tymms - Director of IR Peter Jackson - CEO Rob Coldrake - CFO Conference Call Participants Ed Young - Morgan Stanley Jordan Bender - Citizens JMP Jed Kelly - Oppenheimer Bernie McTernan - Needham & Company Paul Ruddy - Davy Brandt Montour - Barclays Ryan Sigdahl - Craig-Hallum Capital Group Dan Politzer - Wells Fargo Robert Fishman - MoffettNathanson Clark Lampen - BTIG Joe Stauff - Susquehanna John DeCree - CBRE Adrien de Saint Hilaire - Bank of America Robin Farley - UBS Operator Good afternoon and welcome to the Flutter Q3 Trading Update, hosted by CEO, Peter Jackson, and CFO, Rob Coldrake. Please note, this conference call is being recorded.
- 11/12/2024
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Flutter Entertainment PLC Announces Q3 2024 Financial Results
- THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED UNDER ASSIMILATED REGULATION (EU) NO. 596/2014 WHICH IS PART OF THE LAWS OF THE UNITED KINGDOM BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED) NEW YORK, NY / ACCESSWIRE / November 12, 2024 / Flutter Entertainment (NYSE:FLUT)(LSE:FLTR), the world's leading online sports betting and iGaming operator, announces Q3 2024 results, and a small raise to fiscal year 2024 Group guidance.
- 11/12/2024
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FanDuel Co-Founders Launch Crypto Casino and Sportsbook Company, BetHog, and Secure $6M Seed Round
- NEW YORK--(BUSINESS WIRE)-- #BetHog--FanDuel Co-founders Launch Crypto Casino and Sportsbook Company, BetHog, and Secure $6M Seed Round.
- 11/12/2024
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Flutter: Recent Headwinds Gone, Tailwinds Prevail As Stock Recovers From September Lows
- FLUT has all the earmarks of the first blue-chip stock in the sports betting sector. No, it's not Coke, but it checks many boxes. Recent headwinds are diminished, with no others in sight. Its multi-brand skins are a sound business model for the future.
- 11/11/2024
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Online gambling stocks to watch in 2025
- The online gambling industry has become a lucrative area for investors to invest their money in. This is so as it keeps growing.
- 11/11/2024
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3 Reasons To Bet On Flutter's 'License To Print Money'
- FLUT's strong revenue growth, driven by FanDuel and expanding markets, positions it for continued top-line expansion, potentially reaching $20 billion by FY 2028. Operational improvements and margin expansion are expected to boost profitability, with operating margins projected to grow significantly, enhancing shareholder returns. Despite FLUT's breakeven status over the last twelve months, the company's future growth potential makes it an attractive investment.
- 11/06/2024
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Paddy Power-owner Flutter to show accelerating revenue growth, says Citi
- Flutter Entertainment PLC (LSE:FLTR) is expected to post in-line results for the third quarter of 2024, according to Citi, with projected group revenue growth of 22%, slightly ahead of its 20% growth in the previous quarter. In the US, Citi forecasts an accelerated revenue growth of 45% year-over-year, attributed to favourable comparisons with weaker prior results.
- 11/05/2024
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Casino And Sports Betting Stocks Are Due For Positive Sentiment Due To Macro Growth
- The sector is undervalued because the market is yet to recognize its long-term growth prospects. Overall, this basket portfolio is poised to gain strongly as Q4 events unfold with strong earnings profiles indicated forward either by Q4 2024 or Q1 2025. The market is still chasing AI, which tends to bury other strong stories.
- 10/23/2024
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The Top 3 Gambling Stocks to Buy This NFL Season
- With the 2024 NFL season underway, it's time to look into gambling stocks. After all, according to the American Gaming Association, Americans are expected to wager about $35 billion on NFL games this year.
- 10/19/2024
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DIAMOND SPORTS GROUP AND FANDUEL ANNOUNCE BROAD COMMERCIAL PARTNERSHIP
- SOUTHPORT, Conn. & NEW YORK--(BUSINESS WIRE)--Diamond Sports Group (“Diamond”) and FanDuel, North America's premier online gaming company, today announced an agreement on a broad, long-term commercial partnership, including: Exclusive right to name Diamond's 16 regional sports networks (“RSNs”) and Diamond's digital offerings, including the direct to consumer (“DTC”) product, as FanDuel Sports Network; Linear and digital media placement and integration opportunities across all live NBA, NHL and.
- 10/18/2024
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Diamond Sports, FanDuel reach naming rights agreement for regional sports networks
- Diamond Sports and FanDuel have reached a naming rights agreement for Diamond Sports' regional sports networks. The agreement will start with the 2024 NHL and NBA seasons and will be long-term, pending Diamond's emergence from bankruptcy, according to a bankruptcy court filing.
- 10/16/2024
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FanDuel Sportsbook Is the 2024 American Gambling Awards Online Sportsbook of the Year
- CHARLOTTE, N.C.--(BUSINESS WIRE)--The American Gambling Awards today announced FanDuel, North America's premier online gaming company, has been named Online Sportsbook of the Year for the 2024 American Gambling Awards. Defending its title as America's #1 Sportsbook, this recognition marks FanDuel's third consecutive win in this competitive category, reflecting its exceptional customer experience and continued growth in the sports betting landscape. The American Gambling Awards, produced by Gamb.
- 10/16/2024
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FanDuel Tips Off the NBA Season with Three Months of NBA League Pass Promotion
- FanDuel odds now available on NBA League Pass as part of opt-in viewing experience NEW YORK , Oct. 15, 2024 /PRNewswire/ -- FanDuel, North America's premier online gaming company and an Official Sports Betting Partner of the National Basketball Association (NBA), is tipping off the NBA season by bringing back a promotion to provide fans with a three-month subscription to NBA League Pass. Fans who opt-in can also view an enhanced broadcast experience featuring live odds from FanDuel during NBA League Pass games.
- 10/15/2024
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FLUT Rallies, Will Fight DKNG For Gaming Crown
- Flutter (FLUT) rallied on Monday after getting multiple price target hikes from analysts. The FanDuel owner sold off Friday after United Kingdom ministers reportedly considered a tax raid on gambling firms.
- 10/14/2024
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3 Must-Buy Gaming Stocks to Thrive on Promising Market Trends
- Robust online betting demand bodes well for the Gaming industry. Stocks like FLUT, DDI and GDEV benefit from an improving industry trend.
- 10/14/2024
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6 Top Stocks For Gaming, Casinos, Sports Betting: Analyst Says This Company's Estimates Will 'Prove Conservative'
- The outlook for growth in 2024 for casino companies could be one key area to watch in the gaming space along with a favorable backdrop for online sports betting companies, an analyst said.
- 10/14/2024
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AAPL Bull Note, BA Cuts Workforce, CAT Downgrade & FLUT Upgrade
- Evercore ISI believes Apple (AAPL) is "well positioned to outperform against low expectations" thanks to bearish sentiment. Boeing (BA) announced it will cut 10% of its workforce as factory workers strike against the company.
- 10/14/2024
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Bookmakers Entain, Flutter, Evoke and Rank tumble on new gambling tax reports
- Shares in listed bookmakers Entain PLC (LSE:ENT), Flutter Entertainment PLC (LSE:FLTR) and Evoke PLC (LSE:EVOK) tumbled on the back of news that the UK government might target the sector in this month's Budget. HM Treasury could hit the gambling industry with a £3 billion tax raid, it was reported at the weekend, as Rachel Reeves looks for ways to help fill the £22 billion 'black hole' in the public finances.
- 10/14/2024
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Hard Rock Cafe CEO says he is open to partnership with commercial gambling operators in Florida
- CNBC's Contessa Brewer joins 'Closing Bell' to discuss her conversation with Hard Rock CEO Jim Allen, where he said he's open to considering competitors for future partnerships.
- 10/08/2024
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Hard Rock chairman opens the door to a FanDuel or DraftKings partnership in Florida
- Florida's sports betting market may be about to get a lot more interesting, with Hard Rock's chairman opening the door to partnerships with commercial sportsbooks. Hard Rock has the monopoly on sports betting in the state, winning the exclusive tribal gaming compact following a hard-fought battle against Flutter-owned FanDuel, DraftKings and Penn Entertainment.
- 10/08/2024
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FanDuel CEO Amy Howe on maintaining market share and the changing media landscape
- Amy Howe, FanDuel CEO, joins CNBC's 'Power Lunch' to discuss FanDuel's continued expansion, how it is adapting to the changing media landscape, and more.
- 10/08/2024
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Flutter Entertainment Stock Up 10% in a Month: Should You Buy Now?
- FLUT is experiencing strong momentum, driven by its leadership through FanDuel, which commands nearly 40% of the U.S. sports betting and iGaming market.
- 10/03/2024
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FanDuel Donates $175,000 to Four Local Organizations to Support Hurricane Recovery Efforts in Georgia
- ATLANTA , Oct. 3, 2024 /PRNewswire/ -- FanDuel, the premier online gaming company in North America, today announced a $175,000 donation to four Georgia organizations, Greater Valdosta United Way (GVUW), United Way of Toombs, Montgomery and Wheeler Counties, Second Harvest Foodbank of South Georgia, and Golden Harvest Food Bank INC, supporting hurricane relief efforts throughout impacted communities in southern Georgia. "FanDuel is a proud employer in Georgia and is devastated to see the damage across communities many of our team members call home," said Alison Kutler, Vice President, Responsible Gaming and Community Impact at FanDuel.
- 10/03/2024
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FanDuel Donates $1 Million to UNCF to Support Students from North Carolina HBCUs
- Donation comes after this year's launch of mobile sports betting in the state and marks the fourth $1 million FanDuel donation to UNCF NEW YORK , Oct. 1, 2024 /PRNewswire/ -- FanDuel, the premier online gaming company in North America, today announced a fourth $1 million donation supporting the UNCF (United Negro College Fund) whose mission is to build a robust and nationally recognized pipeline of under-represented students who, because of UNCF support, become highly qualified college graduates. The donation will financially support students at 11 historically Black colleges and universities (HBCUs) across North Carolina.
- 10/01/2024
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IGT Named FanDuel Sportsbooks' Exclusive Retail Sports Betting Platform Provider in North America for Four Additional Years
- IGT PlaySports and FanDuel Group team up for retail sports betting through 2028 LONDON , Sept. 26, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it recently renewed a multi-year retail sports betting agreement with FanDuel, North America's premier online gaming company and an operating unit within Flutter Entertainment plc (NYSE: FLUT).
- 09/26/2024
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Flutter CEO discusses the US sports betting market
- The US sports betting industry has exploded in recent years, with platforms like FanDuel leading the charge. As the NFL season kicks off, Peter Jackson, CEO of Flutter (FLUT) (FanDuel's parent company), joins Yahoo Finance reporter Josh Schafer to discuss the business and its remarkable growth.
- 09/25/2024
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Why Flutter Entertainment Rallied Today
- iGaming and fantasy sports giant Flutter Entertainment held its Investor Day today. It outlined robust above-industry growth and margin expansion through 2027.
- 09/25/2024
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2 Sports Betting Stocks on the Rise Today
- The widespread legalization of sports betting has plenty of investors scrutinizing the sector as a growth play, especially amid the NFL season.
- 09/25/2024
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Flutter Entertainment unveils $5 billion share buyback, shares surge
- Flutter CEO Peter Jackson joins 'Squawk on the Street' to discuss the company's raised guidance, how it is using AI, trends in sports gambling, and much more.
- 09/25/2024
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Flutter Entertainment jumps after unveiling $5bn share buyback
- Flutter Entertainment PLC (LSE:FLTR) gained over 9% on Wednesday after unveiling plans at its investor day to buy back US$5 billion (£3.7 billion) worth of shares. This came as the Betfair owner said its total addressable US market was set to grow to US$63 billion by 2030, one and a half times larger than initially forecast.
- 09/25/2024
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Flutter Entertainment's stock up 8% after FanDuel parent outlines growth plans and unveils $5 billion share buyback
- FanDuel boosted its outlook for the size of the total addressable market in North America.
- 09/25/2024
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Flutter Entertainment Outlines Long-Term Growth Plan and up to $5bn Share Repurchase Program Authorization
- NEW YORK--(BUSINESS WIRE)--Flutter Entertainment (NYSE:FLUT; LSE:FLTR), the world's leading online sports betting and iGaming operator will host an investor event today, introducing medium-term 2027 guidance and the authorization of an up to $5bn share repurchase program. Flutter holds unparalleled leadership positions in the US and Rest of World (“ROW”)1 through a diversified portfolio of market-leading brands2. These brands enjoy local scale positions and the unique advantages of the Flutter.
- 09/25/2024
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Flutter sees profits doubling by 2027, authorises $5 bln share buyback
- Flutter , , the world's largest online betting company, said on Wednesday it expects to more than double its core profit by 2027 and that it had authorised a share buyback of up to $5 billion to be deployed over that period.
- 09/25/2024
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Flutter Analyst Sees 'Significant Earnings Power' With Growing Duopoly, Sports Betting Market Size: 'Add It To The Bet Slip'
- Strong market share and growing opportunities in online sports betting could push Flutter Entertainment FLUT shares higher, according to Needham analyst Bernie McTernan, who initiated coverage with a Buy rating and a $270 price target
- 09/23/2024
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Best Momentum Stock to Buy for September 20th
- SYBT, SOFI and FLUT made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 20, 2024.
- 09/20/2024
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Flutter's big decision: Capital returns or more M&A?
- Next week's Flutter Entertainment PLC (LSE:FLTR) investor day comes as the Paddy Power and FanDuel-owner faces a big decision on its capital-allocation policy. Specifically, should the betting powerhouse use its rapidly accelerating US-generated profits to give shareholders a short-term serotonin boost in the form of buybacks, or should it play the long game and pursue more company acquisitions?
- 09/20/2024
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FanDuel parent Flutter looks for international growth with big acquisitions in Italy, Brazil
- Flutter, the parent of FanDuel, is acquiring Italian gaming company Snaitech. It also announced a major deal in Brazil last week, as Flutter looks to a range of international markets for growth.
- 09/17/2024
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FanDuel Parent Flutter Expands Footprint With Acquisition of Italy's Snaitech
- FanDuel parent Flutter Entertainment (FLUT) said Tuesday that it has agreed to a deal to acquire Snaitech, one of Italy's largest online gambling platforms.
- 09/17/2024
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FanDuel Continues Commitment to Financial Literacy with Expansion of Operation HOPE Partnership
- Free financial counseling expands in Kentucky one year after the launch of mobile sports betting Partnership with leading organization dedicated to providing access to financial education and empowerment aims to help individuals understand how to best manage their personal finances for long-term financial security NEW YORK , Sept. 17, 2024 /PRNewswire/ -- FanDuel, the premier online gaming company in North America, today announced a second $1 million donation to Operation HOPE, the nation's leading non-profit dedicated to financial literacy, to promote financial empowerment and expand access to free financial counseling to residents of Kentucky.
- 09/17/2024
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Flutter got small bargain in Playtech Italy disposal - analyst
- Flutter Entertainment PLC (LSE:FLTR)'s €2.3 billion acquisition of Playtech PLC (LSE:PTEC)'s Snaitech gaming business in Italy is around €70 million below Peel Hunt's sum-of-the-parts valuation for the business, the broker has stated. This in turn implies a 5% lower price of Playtech stock than Peel Hunt's 1,000p target price.
- 09/17/2024
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FanDuel owner Flutter Entertainment strikes $2.6 billion deal to buy Italy's Snaitech
- Flutter Entertainment has reached an agreement to acquire Playtech subsidiary Snaitech, in what will see the Irish company become Italy's largest gambling business
- 09/17/2024
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Paddy Power-owner Flutter to acquire Italian gaming business
- FanDuel and Paddy Power-owner Flutter Entertainment PLC (LSE:FLTR) has tabled a €2.3 billion (£1.9 billion) offer for Playtech PLC (LSE:PTEC)'s Italian gaming operator Snaitech. The offer follows a confirmation that talks were underway between the two in August.
- 09/17/2024
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UK's Playtech to sell Italian unit to Flutter for $2.56 bln
- British gambling technology firm Playtech has agreed to sell its Italian unit Snaitech for 2.3 billion euros ($2.56 billion), including debt, to the world's largest betting company Flutter Entertainment , the companies said on Tuesday.
- 09/17/2024
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Flutter Entertainment PLC Announces Acquisition of Snaitech
- Addition of Snai enhances Flutter's gold medal position in attractive Italian market DUBLIN & TORONTO, ON / ACCESSWIRE / September 17, 2024 / Flutter Entertainment (NYSE:FLUT)(LSE:FLTR) ("Flutter")the world's leading online sports betting and iGaming operatortoday announces that it has agreed to acquire Snaitech S.p.A. ("Snai"), one of Italy's leading omni-channel operators, from a subsidiary of Playtech plc, for cash consideration based on an enterprise value of €2.3b1.
- 09/17/2024
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FanDuel Appoints Caralyn Cooley as Chief People Officer
- NEW YORK , Sept. 16, 2024 /PRNewswire/ -- FanDuel, North America's premier online gaming company, announced it has appointed Caralyn Cooley as the company's new Chief People Officer (CPO).
- 09/16/2024
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U.S. lawmakers introduce bill to put regulations on sports betting operators
- Two U.S. lawmakers have introduced a bill to address sports betting at the federal level. The proposed legislation would focus on affordability, advertising and artificial intelligence.
- 09/13/2024
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Flutter Entertainment to Host Investor Day
- DUBLIN, IRELAND AND TORONTO, ON / ACCESSWIRE / September 13, 2024 / Flutter Entertainment plc ("Flutter") (NYSE:FLUT)(LSE:FLTR), the leading online sports betting and iGaming operator, today announced that it will host an Investor Day event on Wednesday, September 25, 2024 at 13:00 ET (18:00 BST). This hybrid event will take place at Cipriani, 25 Broadway, New York, and will feature a presentation by management showcasing the future growth potential for the Flutter Group and the capital allocation opportunities that will unlock.
- 09/13/2024
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Flutter's Brazil acquisition a ‘sensible move'
- Paddy Power-owner Flutter Entertainment PLC (LSE:FLTR)'s $350 million acquisition of a controlling stake in Brazilian gaming company NSX Group ticks to boxes for brokerage Shore Capital Markets. “We see this as a sensible move, further expanding and accelerating its growth profile, consistent with its expansion profile and medium-term leverage ratios,” said Shore Cap analysts.
- 09/13/2024
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Paddy Power-owner Flutter bets on Brazil
- Paddy Power owner Flutter Entertainment PLC (LSE:FLTR) has acquired a 56% stake in NSX Group, a leading Brazilian betting operator known for its Betnacional brand. The acquisition was valued at approximately $350 million.
- 09/13/2024
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Flutter to buy controlling stake in NSX Group for $350 mln
- Irish betting giant Flutter Entertainment said on Friday it will buy a 56% stake in NSX Group, the operator of Brazilian gaming group Betnacional for about $350 million.
- 09/13/2024
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Flutter Entertainment PLC Announces Acquisition of NSX Group
- NEW YORK / ACCESSWIRE / September 13, 2024 / Flutter Entertainment (NYSE:FLUT)(LSE:FLTR) ("Flutter"), the world's leading online sports betting and iGaming operator today announces the acquisition of an initial 56% stake in NSX Group ("NSX"), a leading Brazilian operator of the Betnacional brand for cash consideration of approximately $350m 1 . The transaction fully aligns withFlutter'sstrategy to invest in leadership positions in international markets, securing a podium position for Flutter on completion in the regulating and fast-growing Brazilian market.
- 09/13/2024
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Flutter and Deliveroo top picks in the European internet stocks for this investment bank
- Flutter Entertainment PLC (LSE:FLTR) and Deliveroo PLC (LSE:ROO) are first and third among the 'top picks' among European internet stocks for Morgan Stanley (NYSE:MS). Updating its views across the EU internet sector, the investment bank said it favoured Deliveroo in food delivery after it became profitable and generate free cashflow in the first half of this year.
- 09/11/2024
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FanDuel Parent, Stock Of The Day, Flashes Buy Point As NFL Kicks Off Season
- FanDuel Parent Flutter Entertainment is IBD Stock Of The Day, flashing a buy signal as investors cheer the start of the NFL season.
- 09/09/2024
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Flutter: This NFL Season Has Big Gifts For Sports Betting Sites
- Flutter: This NFL Season Has Big Gifts For Sports Betting Sites
- 09/09/2024
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FanDuel Casino Crowns $1M Jackpot Summer Sweepstakes Winner
- FanDuel Casino makes one lucky player a millionaire through FanDuel Casino 's $1M Jackpot Summer Sweepstakes. NEW YORK , Sept.
- 09/09/2024
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Flutter's FanDuel retains dominant position in US sports betting market
- Paddy Power and FanDuel owner Flutter Entertainment PLC (LSE:FLTR)'s secondary share listing on the London Stock Exchange is well bid this Monday, with the stock adding 1.75% to 16,315p. In a broker note, Jefferies analysts remarked that FanDuel continues to outperform its competitors in the US.
- 09/09/2024
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Ladies And Gentlemen, Place Your Bets: DraftKings Or FanDuel?
- FanDuel vs. DraftKings: The battle of the sports betting giants continues as FanDuel-parent Flutter Entertainment likes its odds.
- 09/05/2024
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FanDuel Launches "Trusted Voices: Conversations About Betting" Focused on Helping Parents and Families Discuss Gambling
- Featuring former NBA Star Randy Livingston – who experienced problem gambling - and his wife Anita Smith, the newest members of FanDuel's RG Ambassador Program Program provides educational resources, including a video series on the risks of underage gambling, the importance of proactive, informed conversations and where to seek help or learn more NEW YORK , Sept. 4, 2024 /PRNewswire/ -- September marks Responsible Gaming Education Month, and today FanDuel, the premier online gaming company in North America, announced a new partnership with former NBA player and basketball coach Randy Livingston and his wife, sports agent Anita Smith, to launch "Trusted Voices: Conversations About Betting.
- 09/04/2024
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New Strong Buy Stocks for August 30th
- FLUT, GCO, OPRA, SUPV and HCA have been added to the Zacks Rank #1 (Strong Buy) List on August 30, 2024.
- 08/30/2024
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Flutter hit with $330m copyright infringement in Georgia, plans to appeal
- Betfair and FanDuel owner Flutter Entertainment PLC (LSE:FLTR) said it will appeal the $330 million damages that a court in the former Soviet nation of Georgia has awarded against the FTSE 100 bookmaker over a copyright infringement case. The Court of First Instance ruled against Flutter and its local partner Spribe over a trademark claim filed by Aviator LLC, a former shareholder of the Irish company's Georgian subsidiary Adjarabet.
- 08/29/2024
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Aviator LLC Wins $330 Million Trademark and Copyright Claim against Gaming Operators Spribe OÜ and Adjarabet
- TBILISI, Georgia--(BUSINESS WIRE)--On August 20, the Court of First Instance in the country of Georgia ruled in favor of Aviator LLC's copyright and trademark infringement claim against the gaming company Spribe OÜ and Adjarabet, Georgia's largest online casino which is owned by the UK-based company Flutter Entertainment Plc (NYSE: FLUT) (LON: FLTR). The court ruling found copyright and trademark infringement and invalidated trademark registrations based on bad faith registration and copyright.
- 08/27/2024
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DraftKings Vs. Flutter: Analyst Lays Out Bull Vs.
- A battle between DraftKings Inc DKNG bulls and bears could come down to EBITDA, surcharges and competition, an analyst says after the company and rival Flutter Entertainment FLUT have both now reported second-quarter financial results.
- 08/19/2024
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Flutter's flying US business leads investment bank to hike target
- The impressive performance from Flutter Entertainment PLC's (LSE:FLTR) fast-growing FanDuel business in the US has led Deutsche Bank to up its share price target for the bookmaker. First-half results provided a "strong finale" to the sector's recent results season, said analyst Simon Davies, hiking his target to £187.17 from £175.89, versus the last closing price just over £160, and reiterating a 'buy' rating.
- 08/19/2024
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DraftKings reverses plans for a tax on customers as FanDuel parent Flutter soars
- CNBC's Contessa Brewer joins 'Power Lunch' to discuss FanDuel parent company Flutter shares soaring.
- 08/14/2024
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DraftKings reverses plans for a tax on customers as FanDuel parent Flutter wows Wall Street
- Flutter reported phenomenal second-quarter earnings this week, wowing investors and sending shares up. But it was the declaration that FanDuel will not add a surcharge to offset an Illinois tax hike that grabbed attention.
- 08/14/2024
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Why Is Flutter Entertainment (FLUT) Stock Up 8% Today?
- Flutter Entertainment (NYSE: FLUT ) stock is on the rise Wednesday after the sports betting and gaming company announced its latest earnings results. The good news for FLUT stock starts with its adjusted earnings per share of $2.61.
- 08/14/2024
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Flutter underpinned by US growth potential, says broker
- Flutter Entertainment PLC (LSE:FLTR) second quarter to June was consistent with rival Entain in reporting a stronger-than-anticipated performance with full-year guidance nudged up accordingly, notes Shore Capital. Standouts were the US which grew 39%, the UK (+17%) helped by the Euros, International up 17% (strong Italy) with Australia as the weak spot.
- 08/14/2024
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FanDuel Parent Flutter Stock Surges as Profits Blow Past Estimates
- Shares of FanDuel parent Flutter Entertainment (FLUT) surged Wednesday, a day after it reported better-than-expected second-quarter earnings and lifted its full-year revenue outlook.
- 08/14/2024
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Playtech and Flutter confirm talks over Snaitech as Betfair owner also eyes Brazil deal
- Playtech PLC (LSE:PTEC) has confirmed talks are underway over the sale of its Italian gaming business Snaitech to Betfair owner Flutter Entertainment PLC (LSE:FLTR) for a figure said to be in the region of £2 billion. In its statement, gaming tech business Playtech said it had given Flutter a period of exclusivity to complete due diligence, though there was no certainty a deal would be agreed.
- 08/14/2024
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Flutter in talks to buy Italy's Snaitech for $2.6 bln, Sky News reports
- Betting firm Flutter Entertainment is in talks to buy Snaitech, one of Italy's largest gambling companies, from UK's Playtech in a deal which could be worth 2 billion pounds ($2.57 billion), Sky News reported on Wednesday.
- 08/14/2024
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Flutter boosted by US growth and 'favourable' Euro results
- Flutter Entertainment PLC (LSE:FLTR) shot up 12% as its US business FanDuel delivered results well ahead of expectations in its first quarterly update since departing the London Stock Exchange for New York. Concerns about FanDuel's half had followed a disappointing update from rival DraftKings after a run of losing results, but Flutter raised its guidance for the year highlighting its US arm.
- 08/14/2024
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Flutter Entertainment plc (FLUT) Q2 2024 Earnings Call Transcript
- Flutter Entertainment plc (NYSE:FLUT ) Q2 2024 Earnings Conference Call August 13, 2024 4:30 PM ET Company Participants Paul Tymms - Investor Relations Peter Jackson - Chief Executive Officer Rob Coldrake - Chief Financial Officer Conference Call Participants Clark Lempen - BTIG Jordan Bender - Citizens JMP Ed Young - Morgan Stanley Ryan Sigdahl - Craig-Hallum Capital Group James Rowland Clark - Barclays Dan Politzer - Wells Fargo Paul Ruddy - Davy Joe Stauff - Susquehanna Monique Pollard - Citi Robert Fishman - MoffettNathanson Jed Kelly - Oppenheimer Simon Davies - Deutsche Bank Andrew Tam - Redburn Atlantic Robin Farley - UBS James Wheatcroft - Jefferies Operator Good afternoon and welcome to the Flutter Q2 Results Call hosted by CEO, Peter Jackson; and CFO, Rob Coldrake. There will be a chance to ask questions later, but I will now hand the call over to Paul Tymms, Group Director of Investor Relations.
- 08/13/2024
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Flutter Shares Jump as Sports Gambling Lifts U.S. Earnings
- The FanDuel parent's recent move to New York reflects the growing importance of the U.S. market, CEO Peter Jackson said.
- 08/13/2024
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Flutter Entertainment PLC Announces Q2 2024 Financial Results
- DUBLIN & TORONTO / ACCESSWIRE / August 13, 2024 / Flutter Entertainment (NYSE:FLUT)(LSE:FLTR), the world's leading online sports betting and iGaming operator, announces Q2 2024 results and raises fiscal year 2024 guidance following material Q2 outperformance relative to expectations. Key financial highlights: Three months ended June 30 In $ millions except percentages and average monthly players 2024 2023 YOY Average monthly players (AMPs) ('000s)1 14,344 12,222 +17 % Revenue 3,611 3,001 +20 % Net income 297 64 +364 % Net income margin 8.2 % 2.1 % +610bps Adjusted EBITDA2,3 738 633 +17 % Adjusted EBITDA margin2 20.4 % 21.1 % (70)bps Diluted earnings per share ($) 1.45 0.37 +290 % Adjusted earnings per share ($)2 2.61 1.67 +56 % Net cash provided by operating activities 323 41 +688 % Free Cash Flow2 171 (95 ) Leverage ratio (December 2023 3.1x)2,3 2.6 • Strong Q2 performance with AMPs1 +17% and revenue +20% underpin increases to US and Group Ex-US FY 2024 guidance with Group revenue +$350m and Adjusted EBITDA +$70m4 • US execution accelerated year-over-year AMP1 and revenue growth to +27% and +39% as FanDuel extended #1 position: - Q2 20245 total online gross gaming revenue (GGR) market share of 38% including sportsbook GGR share of 47%, net gaming revenue share (NGR) of 51% and iGaming GGR share of 25%5 - Compelling unit economics support customer acquisition with 59% NGR market share in North Carolina (launched in Q1) and online revenue in states launched in 2022/2023 +45%6 - Early-to-regulate state opportunity also compelling with pre-2022 online revenue +33% - Completion of FanDuel Casino migration to proprietary technology will enable further improvements in customer offering and user experience • Group Ex-US also delivered strong AMP1 and revenue growth of +15% and +10%: - Performance in UKI driven by continued momentum in iGaming, a positive European Football Championship ('Euros') and favorable sports results - International product improvements drove AMPs1 +24%, with record Sisal Italian market share7 - Australian market trends in line with expectations • US primary listing moved to NYSE May 31, 2024 and operational headquarters established in NY during Q2 reflecting natural evolution of business towards US • Continued Positive Impact Plan progress; Play Well tool usage8 over 400bps higher year-over-year • Flutter Investor Day on September 25, 2024 will provide opportunity to set out growth potential and capital allocation opportunities Q2 2024 financial overview • Net income of $297m, $233m higher year-over-year, reflected strong revenue performance • Net income included non-cash impacts of (i) $147m acquired intangibles amortization charge; and (ii) $91m fair value gain on Fox Option liability (Q2 2023 $53m loss) • Group Adjusted EBITDA2,3 +17% to $738m with Adjusted EBITDA margin of 20.4%: - US Adjusted EBITDA2 +51% to $260m; driven by revenue growth and good operating leverage with Adjusted EBITDA margin2 +130 bps - Group Ex-US Adjusted EBITDA2 +4% to $478m, reflected revenue growth and Adjusted EBITDA2 margin reduction of 120bps from expected Australian revenue decline • Increases in Diluted earnings per share and Adjusted earnings per share of $1.08 and $0.94 primarily due to the year-over-year impact of the Fox Option of $0.519 (year to date loss of $0.52) • Net cash provided by operating activities increased $282m to $323m as operational performance converted well to cash • Free Cash Flow2 of $171m (Q2 2023 -$95m) and leverage ratio2 of 2.6x at June 30, 2024 based on last 12 months Adjusted EBITDA2 (December 31, 2023 3.1x).
- 08/13/2024
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Fanduel owner Flutter raises guidance, no plans for US surcharge
- Flutter raised its full-year guidance after a much better than expected second quarter and said it has no plans "at this stage" to follow rival Draftkings in adding a surcharge to customer's winnings in high-tax U.S. states.
- 08/13/2024
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Flutter guidance in focus as first results after US move due
- Flutter Entertainment PLC (LSE:FLTR)'s full-year guidance will be in full focus when the betting firm publishes second-quarter results on Tuesday, August 13. According to UBS, “material uncertainty” remains over whether Flutter can stick to guidance for adjusted pre-tax earnings of US$635 million to US$785 million in the US.
- 08/09/2024
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3 Gaming Stocks to Sell in August as They Crash & Burn
- Over the years, gaming and casino stocks have been under varying degrees of pressure. Some traditional casino stocks have dealt with macro headwinds and increased competition from their digital-only rivals.
- 08/09/2024
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Flutter interims to reveal winning streak in first half, says Citi
- Flutter Entertainment PLC (LSE:FLTR) is on course to post strong first-half numbers believe the analysts at US bank Citi. The Betfair, Paddy Power and FanDuel group should reveal strength across the portfolio, adds Citi, helped by favourable results outside of the US, especially the UK.
- 07/31/2024
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Flutter Entertainment PLC Announces Notice of Q2 Earnings Release
- Flutter Entertainment to Report Second Quarter 2024 Financial Results and Host a Conference Call on August 13, 2024 DUBLIN, IRELAND / ACCESSWIRE / July 30, 2024 / Flutter Entertainment plc ("Flutter") (NYSE:FLUT)(LSE:FLTR), the leading online sports betting and iGaming operator, today announced that it will release its second quarter 2024 financial results after market close on Tuesday, August 13, 2024 at 16:05 ET (21:05 BST). The earnings release and supplementary materials will be available through the "Investors" section of the Flutter website at www.flutter.com.
- 07/30/2024
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6 Stocks Going For Gold During 2024 Summer Olympics: 'Biggest Event' in Company History
- Millions of eyes will be glued to televisions over the next two weeks, with the 2024 Summer Olympics kicking off in Paris on July 26.
- 07/26/2024
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Online betting firm Flutter taps Disney veteran to join board of directors
- Flutter Entertainment , the world's largest online betting firm, said on Monday it has appointed Walt Disney's former finance chief Christine McCarthy to its board of directors.
- 07/01/2024
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Flutter Entertainment Announces Two New Appointments to Board of Directors
- NEW YORK--(BUSINESS WIRE)--Flutter Entertainment (“Flutter”) (NYSE: FLUT, LSE: FLTR), the world's leading online sports betting and iGaming operator of brands including FanDuel, announced the appointment of Christine M. McCarthy and Robert R. (“Dob”) Bennett to the Board of Directors, effective July 30, 2024. Ms. McCarthy will sit on the Audit Committee and Mr. Bennett will serve as a member of the Risk and Sustainability Committee. “Christine and Dob's extensive experience in the entertainment.
- 07/01/2024
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Flutter Entertainment: US investment bank still a fan of FanDuel owner
- Jefferies has reiterated a 'buy' rating on Flutter Entertainment PLC (LSE:FLTR), setting a price target of 22,000p. Despite increased gaming taxes in Illinois potentially impacting earnings, the American investment bank is optimistic about the gaming group's prospects, especially its strong US market presence through FanDuel.
- 06/18/2024
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BGaming Enters Armenia With Flutter-owned Adjarabet
- Valletta, Malta, June 14, 2024 (GLOBE NEWSWIRE) -- Popular iGaming content provider BGaming has entered the Armenian market in partnership with leading online gaming operator Adjarabet.
- 06/14/2024
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Jefferies Says Buy These 3 Stocks for More Than Double-Digit Returns
- We are almost halfway through 2024, and the stock market is putting on a masterclass performance. The S&P 500 is up 12% year-to-date after rising 23% last year.
- 06/13/2024
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Flutter remains top gaming pick for JP Morgan
- Flutter Entertainment has been under pressure following a flurry of negative headlines, but the weakness in the share price is too much suggests JP Morgan which has kept an an upbeat view. Shares in the Fanduel and Betfair owner are down 15% on tax increases, college bets ban, marketing restrictions in the US and some overall weakness within Travel & Leisure.
- 06/12/2024
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Mid-Year Momentum Plays: 7 Stocks to Buy for the Second Half
- There's certainly some level of comfort in bidding up the same names as everybody else. But the most satisfying returns stem from momentum stocks that you identified before the big wave.
- 06/06/2024
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Flutter has lots of appeal despite shift to US, says Berenberg
- Flutter Entertainment PLC's (LSE:FLTR) recent share price dip is unjustified, according to analysts at investment bank Berenberg. After hitting a peak of £175 earlier in the year, the price is now £148.40, though the shares are now traded in the US primarily as today completed its move from London to the New York stock exchange.
- 05/31/2024
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Flutter Entertainment PLC Announces Transition to US Primary Listing Complete
- DUBLIN, IRELAND / ACCESSWIRE / May 31, 2024 / Flutter's primary listing now on the New York Stock Exchange. Flutter Entertainment plc ("Flutter" or the "Company") (NYSE:FLUT)(LSE:FLTR) announced today that its primary listing is now on the New York Stock Exchange ("NYSE").
- 05/31/2024
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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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