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Business
August 8, 2025
Flutter’s Q2 Report Shows Strength Across Multiple Markets
International online gaming and sports betting giant Flutter Entertainment has published its results for the second quarter of the year, highlighting double-digit revenue and EBITDA growth. The strong results reflected the company’s stable position in the US and beyond and led to an update in Flutter’s full-year guidance. Flutter’s Revenue and EBITDA Experienced Double-Digit Growth […]
Business
July 31, 2025
Flutter Entertainment Completes Boyd Agreement, Cements 100% Ownership in FanDuel
Earlier this month, Flutter Entertainment announced the purchase of the last 5% of FanDuel from Boyd Gaming Corporation. The deal has now officially closed, cementing Flutter’s ownership in the leading sportsbook. Flutter Set Out to Acquire All of FanDuel The transaction valued FanDuel at $31 billion, forcing FanDuel to secure a $1.75 billion loan for […]
Business
July 11, 2025
Flutter Entertainment Takes Full Control of FanDuel in Big $1.76B Deal
Flutter Entertainment has struck a deal to buy the last 5% of FanDuel from Boyd Gaming Corporation. This $1.755 billion purchase will give Flutter total ownership of the top US sportsbook and iGaming platform. The move values FanDuel at about $31 billion and will change the US sports betting scene. Flutter Secures $1.75B Loan for […]
Industry
July 8, 2025
Flutter’s Paddy Power and Betfair Report Cybersecurity Incident
International gambling giant Flutter Entertainment has reported a data breach affecting its Paddy Power and Betfair brands. The operator reported that many customers were affected and advised them to be vigilant, as bad actors may use this data to impersonate them. Consumer Data Was Compromised The breach was reported on July 8 with Flutter saying […]
Business
July 8, 2025
Jefferies Sees Flutter Entertainment as Good Bet in Shaky Market
Jefferies has a positive outlook on Flutter Entertainment, which owns FanDuel. The brokerage started covering the stock again, telling investors to “Buy” and setting a target price of $380 per share. This price target is among the most optimistic on Wall Street right now and suggests the stock could go up by 35% from where […]
Business
June 11, 2025
Flutter May Lay Off 200 Employees in Britain and Ireland
Flutter, the owner of Paddy Power, may cut over 200 jobs across the UK and Ireland as part of a broader plan to unify its brands under a single technology platform later this year. Flutter Talking About Potential Mass Layoffs The company has not yet specified which areas will be affected by the redundancies, stating […]
Business
May 16, 2025
Flutter Announces $350M NSX Group Acquisition and Brazilian Market Entry
One of the world’s leading online sports betting and iGaming operators, Flutter, has expanded its influence recently by completing the purchase of a majority 56% stake in NSX Group. Flutter Unveils New Deal with Betnacional NSX Group is a leading Brazilian operator. The company owns sports betting platform Betnacional, and Flutter spent $350 million on […]
Industry
May 8, 2025
FanDuel’s U.S. Sports Betting Strength Drives Flutter’s Q1 Surge
NYSE- and LSE-listed online sports betting and iGaming operator Flutter Entertainment is off to a strong start in 2025, thanks in large part to FanDuel’s continued dominance in the U.S. sports betting market. 18% Revenue Rise in the U.S. The company reported $1.69 billion in U.S. revenue for Q1, marking an 18% jump compared to […]
Business
May 2, 2025
Flutter Closes Its $2.6B Acquisition of Snai from Playtech
Flutter Entertainment, a leading online sports betting and iGaming company, announced that it has closed its previously announced acquisition of Snaitech (Snai), one of Italy’s top omni-channel operators. Flutter Cements Its Leadership in Italy Consistent with the earlier announcement, Flutter will acquire Snaitech for EUR 2.3 billion ($2.6 million) from a subsidiary of Playtech. Flutter […]
Business
April 10, 2025
Regulators Greenlight Flutter’s Takeover of Snaitech
Flutter Entertainment, a company describing itself as the world’s leading online sports betting and iGaming operator, announced that its acquisition of Snaitech (Snai), one of Italy’s leading omni-channel operators, has secured the necessary regulatory approvals to proceed. The Takeover Can Move Forward Flutter elaborated that its takeover of Snai has received all necessary antitrust, gaming […]
