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Sports

FanDuel Invests Millions in Fairmount Park Racetrack in Illinois

FanDuel Group, the US sports betting brand of Flutter Entertainment, announced plans Monday to engage in a multi-million investment in Fairmount Park Racetrack in Collinsville, Illinois. The venue will undergo a rebranding and complete revitalization, targeting the return of its signature event, the $250,000 St. Louis Derby. FanDuel Sportsbook and Horse Racing Under the terms […]
FanDuel Invests Millions in Fairmount Park Racetrack in Illinois
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Business

Flutter Raises Earnings Guidance, Reports 30% Jump in Q3 Revenues

Flutter Entertainment raised its earnings guidance on Wednesday, as betting customers grow. The group reported a 30% increase in revenue in Q3. EBITDA Up By 2.4% From Previous Forecast Betting giant Flutter Entertainment (FLTR), the owner of Paddy Power, Betfair, and Poker Stars raised its full-year operating profits guidance on Wednesday and reported a 30% […]
Flutter Raises Earnings Guidance, Reports 30% Jump in Q3 Revenues
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Business

Flutter Entertainment and The Stars Group Set Merger Date for May 5

Paddy Power Betfair parent company Flutter Entertainment is drawing closer to the long-anticipated merger with The Stars Group (TSG). After shareholders from both companies have approved the move and regulators have given their go-ahead, the merger will be completed on Tuesday, May 5. This will conclude the process that began back in October 2019, when […]
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Business

Sportsbet Brings BetEasy Under Own Brand as TSG/Flutter Merge

Reneging on a decision to run a dual branding strategy, The Stars Group and Flutter Entertainment are bringing the BetEasy brand, Flutter’s Australia-facing sportsbook, under Sportsbet’s banner to boost the entities competitiveness and take on Tabcorp, their main rival in the Australian market. Sportsbet to Overtake BetEasy as TSG/Flutter New Branding Strategy Unfolds Sportsbet’s will […]
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Business

Flutter Clears CMA Phase One Regulatory Hurdle For TSG Merger

The mega-merger deal between Irish-based Flutter Entertainment and Canadian-headquartered The Stars Group /TSG/ has moved one step ahead as the Competition and Markets Authority /CMA/ in the UK has given “unconditional phase one clearance” to the proposed combination. The owner of Paddy Power Betfair exchange, Flutter Entertainment, and the owner of Sky Bet, The Stars […]
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Business

Flutter Entertainment, TSG Merger to Be Examined by UK’s CMA

As Flutter Entertainment and The Stars Group edge closer to their merger, competition authorities in the United Kingdom have said that they would now want to review the deal and gauge its impact on markets in the country. Competition and Markets Authority to Review Flutter Entertainment, TSG Merger Flutter Entertainment, owner of flagship gaming and […]