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Industry
July 13, 2021
Flutter sells Oddschecker for $215.2 million to Bruin Capital
Flutter Entertainment has announced its agreement to sell its affiliate subsidiary company Oddschecker, for $215.2 million to Bruin Capital, a private equity group. A Private Equity Firm Acquires Oddschecker by the End of the 3rd Quarter Flutter Entertainment, a holding company (created by the merger of Paddy Power and Betfair), has announced it would sell […]
Industry
July 12, 2021
Flutter to Delay FanDuel Split As the Sportsbook Takes Control Of the Market
This past March, it looked like FanDuel was going to follow in DraftKings’ footsteps and seek a spot on a public stock market. Owned by Flutter Entertainment, which has its hands in sports gambling and iGaming operations around the globe, being traded publicly would certainly give FanDuel a lot of support for future growth. However, […]
Industry
June 24, 2021
Flutter UK and Ireland Chief Officers Became Retailers
Flutter’s chief officers: Chairman Ian Proctor and CEO Conor Grant, showed support to their retail colleagues and stood behind the counter for a day. Flutter’s Top Officers in UK and Ire Were Retailers for a Day Flutter Entertainment’s top-ranking UK and IRE officers, Chairman Ian Proctor and CEO, Conor Grant supported their retail colleagues during […]
Industry
June 16, 2021
Flutter Announced New Workforce Engagement Committee
Flutter Entertainment, the owner of gaming brands Betfair, Paddy Power, PokerStars, and FanDuel, announced a new initiative aimed at its workforce with the establishment of a new Committee of the Board. New Workforce Engagement Mechanism on Board Level The Workforce Engagement Committee established with effect from June 15, 2021, will look to enhance engagement of […]
Business
May 25, 2021
FanDuel Became Associated Press’ Exclusive Odds Provider
Daily fantasy sport (DFS) and sportsbook operator FanDuel announced an agreement with nonprofit news agency Associated Press (AP) to become AP’s exclusive odds provider across its global sports report. FanDuel Odds Featuring in AP’s Sport Reports The multi-year deal provides for FanDuel Sportsbook odds to appear in daily sports odds fixtures, games previews and other […]
Business
May 12, 2021
FanDuel’s CEO Matt King Announces Plans to Leave the Company
FanDuel’s CEO, Matt King announced that he will be resigning from his position. The announcement comes while FanDuel’s owner, Flutter Entertainment, is assessing the possibility of listing a “small stake” of the company in the US. Matt King to Leave FanDuel Flutter Entertainment announced today that Matt King, FanDuel’s CEO, will be resigning from his […]
Business
April 29, 2021
Flutter Records off the Charts Revenue Growth in Q1
Flutter Entertainment Plc, a leading global sports betting and gaming provider, accelerates its strategic plans with confidence, reporting total revenue growth of 32% to £1.485 billion in its first quarter of 2021. Flutter Reports Rapid Growth in Q1 of 2021 Flutter Entertainment Plc (FLTR.L), a leading global sportsbook and gaming provider, has reported a growth […]
Sports
April 28, 2021
Paddy Power Begins Relaunch of Sportsbooks in England, Scotland, and Wales
Executives and employees of Paddy Power and Flutter Entertainment, along with sports gambling enthusiasts across much of the UK and Ireland, have cause to celebrate. Paddy Power is finally beginning to open many of its sports gambling shops across the region, although some restrictions are still needed. While the Irish shops are going to remain […]
Legal
April 23, 2021
Kentucky Judge Rules $100m Bond Payment in PokerStars Case
A Franklin Circuit Judge has ruled out against PokerStars and ordered the $100 million in bonds placed with insurers to be paid to the state of Kentucky. Kentucky Judge Sides with State in PokerStars Penalty Kentucky is determined to seek interest payments from Flutter Entertainment, the present owner of PokerStars, for the card room’s operations […]
Business
April 16, 2021
Flutter Hires Moelis, Explores Sale of Oddschecker
Global gambling group Flutter Entertainment is actively looking to offload its Oddschecker business, a report in Sky News revealed today, noting a prominent investment bank was contacted to advise the sale. Oddschecker Unwanted According to the report, Flutter hired New York investment bank Moelis & Company as an advisor to the sale of the leading […]