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Gambling News - 'Flutter entertainment'
Industry
October 16, 2024
Flutter CEO: UK Tax Hike Would Be in No One’s Interest
Peter Jackson, chief executive officer of Flutter Entertainment, commented on the UK’s ongoing gambling reforms amid talks about tax hikes. Echoing his recent point about the US market, he suggested that high tax rates tend to have adverse effects. Labour Should Speed Up the Regulatory Process In a post on LinkedIn, Jackson said that was […]
Industry
October 16, 2024
Flutter CEO Advises Moderation in Taxation as Tax Hikes Continue
Peter Jackson, Flutter Entertainment’s chief executive officer, believes that the ideal online sports betting tax rate would be 18%. In an interview with The Financial Times, he shared his tax-related opinions about the US wagering sector. Flutter’s CEO Promotes a Golden Middle Jackson’s proposed tax rate is noticeably higher than the tax rate of certain […]
Business
October 8, 2024
Regulus Partners Deems Flutter’s US TAM Forecast Overly Optimistic
Global strategic advisory business focussed on the sports and leisure sectors, Regulus Partners (RP), has expressed doubts regarding Flutter Entertainment’s forecast for the total addressable market (TAM) in the US sports betting and iGaming sectors, raising concerns over the company’s optimism. Overly Optimistic Projections Could Hit Challenges Last month, the operator with a market-leading position […]
Industry
September 26, 2024
Flutter Entertainment Forecasts Stellar Growth in Brazil
Flutter Entertainment, the world’s largest sports betting and iGaming company, addressed investors today with ambitious growth forecasts while announcing a $5 billion share buyback scheme. The buyback, scheduled to start after Q3 in November and which is expected to extend over the next three to four years, reflects the company’s confidence in its projected financial […]
Business
September 25, 2024
Flutter Sees Double Profit by 2027, Presents $5bn Share Buyback
The leading global betting and gaming company, Flutter Entertainment, is fairly optimistic about the future. Namely, the upcoming two years which the online betting company believes will bring it around $5 billion, which is more than double this year’s core profit expected to reach $2.5 billion. The bold projections were made on Wednesday when Flutter […]
Industry
September 16, 2024
JMP Is Optimistic about Flutter’s Stake in Betnacional
JMP Securities analysts are optimistic about Flutter’s recent acquisition of a 56% stake in NSX Group, arguing that it would allow the latter company to drive strong synergies in Brazil. Flutter’s Brazil Bid Is In Line with the Company’s Strategy According to a NEXT.io report, JMP Securities believes that Brazil’s large population and ongoing sports […]
Business
September 16, 2024
Flutter to Acquire Playtech’s Consumer Arm in Major Expansion Move
Flutter Entertainment, the parent company of brands like Paddy Power and Betfair, is reportedly nearing the conclusion of a milestone £2 billion acquisition of the consumer operations arm of Playtech, one of the leading gambling technology providers. The acquisition signals Flutter’s ongoing commitment to expanding its global influence and portfolio. Playtech Will Focus on Its […]
Business
September 13, 2024
Flutter to Form Flutter Brazil via Acquisition of 56% Stake in NSX
Sportsbook and iGaming juggernaut Flutter Entertainment has unveiled a major investment in Brazil that would grow its local footprint. The deal reflects the company’s overall expansion strategy and orientation toward global markets. Flutter to Acquire a 56% in NSX in Q2 2025 According to Flutter’s official announcement, it has paid some $350 million to acquire […]
Business
September 12, 2024
Fox Reportedly Aims for FanDuel Stake at $2.2bn Below Value
Several years ago, in 2020, the leading gaming and entertainment company, Flutter Entertainment, purchased The Stars Group. This created a connection between the former and Fox Corporation, one of the world’s leading and most valued mass media companies in America. Through this legal connection, Fox secured an option to purchase a stake in FanDuel, Flutter’s […]
Business
September 4, 2024
Morningstar Expert Lauds Flutter Entertainment in Recent Analysis
The solid market share within the online sports betting (OSB) vertical in the US belonging to industry leaders FanDuel and DraftKings is unquestionable. The duopoly is estimated to hold between 70% and 80% of the OSB sector, leaving little room for competition. But while the two companies stay at the helm of betting in the […]