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Business
November 18, 2021
Flutter Strengthens Bingo Portfolio with Tombola Acquisition
Flutter Entertainment is set to pay $542.90 million to acquire Tombola, a bingo gaming company that has been generating robust financial results over the past years. The owner of Paddy Power, Betfair, and FanDuel revealed the acquisition on Thursday, looking to secure another high-value asset to its portfolio. Flutter Acquires Bingo Company Tombola Flutter is confident […]
Industry
November 3, 2021
More Flutter Trouble as Sky Vegas Targeted Gambling Addicts
Sky Vegas, a Flutter Entertainment-owned online gaming brand, landed in hot regulatory waters after several UK customers who had self-excluded themselves from gambling reported to have been targeted with free spin offers by the brand, an article in The Guardian reveals. Raising Concerns for Relapse Sky Vegas sent promotional messages offering 100 free spins as […]
Industry
November 2, 2021
Flutter’s Q3 2021 Trading Update Reveals Cracks in the Armor
Global gambling group Flutter Entertainment announced a third-quarter trading update today, posting a strong performance and 9% growth mostly driven by sports. However, the markets were unimpressed, and the FTSE100-listed company stock fell 7.3%. Overall Flutter Entertainment’s unaudited results for the quarter ended September 30, 2021, revealed revenues of £1.439 billion ($1.967 billion), an increase […]
Business
October 25, 2021
Flutter Entertainment Takes Possession of Singular
Flutter Entertainment continues to grow its global footprint and doesn’t show any signs of wanting to slow down. The latest addition to its portfolio includes B2B iGaming software developer Singular, which has confirmed that it’s ready to hand over the keys to the castle. The company is giving Flutter 100% of its shares, allowing the […]
Business
October 21, 2021
Flutter Entertainment Opens New UK Tech Hub
Global betting and gaming conglomerate Flutter Entertainment announced today the opening of its new state-of-the-art technology and innovation hub located in Leeds, Yorkshire. Technology Is Key The new £15-million ($20.7 million) facility designed by prominent property developer MEPC is looking to fill around 1,700 positions, most of which are across the media, technology and creative […]
Legal
October 8, 2021
Attorney Win in Flutter Vs Kentucky Better than a WSOP Payout
Flutter Entertainment got lucky recently when it avoided what could have been a multibillion-dollar payment demanded by Kentucky. The state had gone after PokerStars in court for illegally offering its services in the state years ago, before it was purchased by Flutter, and the amount requested in damages continued to pile up over the years. […]
Legal
September 22, 2021
Flutter Ends a Decade-long Legal Battle with Kentucky
A decade-long battle between the Stars Group, before its acquisition by Flutter, with the Commonwealth of Kentucky ended today. Flutter agreed to pay Kentucky $200 million in addition to a previously forfeited $100 million. The legal dispute dates back a decade when PokerStars allegedly offered online poker in Kentucky which was at odds with UIGEA. […]
Industry
September 7, 2021
Flutter Introduces Monthly Spending Limit for Users under 25 in UK and Ireland
To enhance protection for its younger customers, Flutter has announced a $691 monthly user spending limit. The limit is applicable for young adults under age 25 and valid in the UK and Ireland. Flutter Rolls Out New Monthly Spending Limit for Adults under 25 Flutter UK and Ireland, a part of Flutter Entertainment, announced on […]
Legal
September 1, 2021
Flutter Turns to US Supreme Court to Overturn Settlement Ruling
Global gambling group Flutter Entertainment petitioned the US Supreme Court, seeking a review of a $1.3-billion regulatory settlement for damages against subsidiary The Stars Group (TSG). Damages for Historical UIGEA Violations The petition relates to a December 2020 ruling of the Kentucky Supreme Court to reinstate a 2015 ruling against TSG made in the Franklin […]
Business
August 10, 2021
Flutter Releases Interim H1 2021 Results, Hits $4.2bn in Revenue
Flutter Entertainment released its interim results for the first half of 2021. The company outlined that its group pro-forma revenue hit $4.2 billion, marking a 30% increase when compared to the same period last year. Moreover, the company performed extremely well within the US, UK and Australian markets. Flutter Reveals Interim Results for H1 2021 […]