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 […]
Business
March 25, 2025
Flutter Changes Reporting from 2025, Recasts Financials for 2021-2024
Online gaming and sports betting powerhouse Flutter Entertainment has revealed upcoming changes to its reporting. Set to take effect from the company’s upcoming quarterly report, the changes will see its reports split into two segments. Flutter Will Change Its Reporting Flutter Entertainment announced that its new approach will see it report the financials of its […]
Lottery
March 18, 2025
Flutter’s Sisal Challenges IGT for Italy’s Lotto License
In line with an earlier announcement, Flutter Group’s Sisal has joined the race for Italy’s oldest lottery license and is set to compete with international gaming powerhouse IGT. The latter company has held the license for a while and is unlikely to give it up easily. Sisal’s Bid Is Backed by Scientific Games The deadline […]
Business
March 6, 2025
Flutter Leaders Discuss the Company’s Q4 Results and 2025 Prospects
Flutter Entertainment’s recent earnings call highlighted the company’s optimism about its business and long-term potential. CEO Peter Jackson and CFO Rob Coldrake were happy with the performance and looking forward to continued success in 2025. CFO Coldrake Says Flutter Is “Quite Sanguine” about Its Margins The call, which took place on March 4, saw the […]