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Industry
August 15, 2024
Sweepstakes: a Priority for Catena, a Concern for Flutter
Following the revenue drop and important reshuffling of its executive team, 2012-founded publicly-traded online gambling information company Catena Media has announced it would revamp its operations and shift the focus on its top products, including the controversial sweepstakes in the upcoming months. On the other hand, FanDuel is more wary on the topic of sweepstakes, […]
Business
August 14, 2024
Playtech Confirms Talks of £2bn Flutter Bid for Snaitech
The leading supplier of software, content and solutions, powering iGaming and betting operators, Playtech, confirmed it is in talks for the potential sale of its business-to-customer (B2C) division in Italy, Snaitech, to the leading gaming and entertainment giant, Flutter Entertainment. Today, the company released a short letter titled “Response to Media Speculation,” acknowledging that it […]
Legal
August 6, 2024
FanDuel Sued over Alleged Use of Privacy-Violating TikTok Software
FanDuel is facing a lawsuit over its alleged use of privacy-violating software. According to a complaint filed on July 30 in the US District Court for the Central District of California, the leading sports betting operator used software to tracks anonymous users. FanDuel Is Said to Have Leveraged an Illegal Software As reported by NEXT.io, […]
Sports
July 24, 2024
Racing Unprofitable for Bookmakers, Warns Flutter’s UK & Ireland Exec
An executive overseeing two of the UK’s leading sportsbooks recently urged for a change in British horseracing at a time when profits for the sector have been growing despite a shrinking audience. Earlier this week, Ian Brown, the CEO of Flutter Entertainment’s UK and Ireland division, submitted an op-ed for the Racing Post, highlighting a […]
Business
July 8, 2024
Penn Entertainment Shares Soar as Flutter Weighs In on Potential Acquisition
Flutter Entertainment is said to be considering the purchase of interactive assets from Penn Entertainment in a notable move for the gaming industry. Flutter could team up with Boyd Gaming, which has also expressed interest in buying Penn. Penn Entertainment Shares Rise as Flutter Weighs in on Potential Acquisition Following this news, shares of Penn […]
Business
July 2, 2024
Flutter Bolsters Leadership with Two New Non-Executive Directors
Flutter Entertainment announced that its Board of Directors had appointed Robert R. Bennett (“Dob”) and Christine M. McCarthy as non-executive directors, effective immediately. Bennett will join the Risk and Sustainability Committee, while McCarthy will be part of the Audit Committee. These appointments align with Flutter’s recent drive to bolster its leadership core. The Company Gains […]
Business
June 19, 2024
Flutter Adds Ex-Spotify Exec to Team, Names Soccer Legend as Betfair Ambassador
Flutter Entertainment has designated the experienced Mark Shaw as its new director of global payments strategy. A former Spotify executive, Shaw brings years of corporate experience to the team. Spotify isn’t the only noteworthy company Flutter’s new director has worked for. His impressive track record also includes stints with TSB Bank, Visa Europe and Vocalink. […]
Business
June 4, 2024
Flutter Recognized in TIME’s 100 Most Influential Companies 2024 List
Flutter Entertainment, the global gaming and betting giant, was the only gambling operator to make it to the TIME100 Most Influential Companies 2024 list. The leading betting and gaming operator was recognized in the Pioneers category together with companies such as OpenAI, Epic Games, Transcripta Bio and World Central Kitchen, among others. Securing a place […]
Business
May 31, 2024
Flutter Shifts Primary Listing to NYSE, Promotes New CFO
In a significant strategic move, Flutter Entertainment, the world’s largest online betting company and owner of FanDuel, has officially transferred its primary listing to the New York Stock Exchange (NYSE). Flutter also announced the appointment of Rob Coldrake as CFO, marking a pivotal moment in the company’s evolution as it heightens its focus on the […]
Business
May 29, 2024
Analyst Keeps Positive Outlook on FanDuel Parent Company Flutter
A wide range of factors can impact the performance of gaming and betting operators, especially across the United States. While increased promotional spending may boost the operators’ expenses, much-anticipated sports events can increase revenue and enable betting operators to engage with new customers. Earlier this month, Flutter Entertainment, the leading betting and iGaming operator with […]
