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Industry
September 29, 2023
Playtech, Flutter, and Lottomatica Explore Acquisition of SKS365
SKS365 Malta Holdings has officially engaged in dialogue with Playtech as the major player in the global iGaming industry confirmed its interest in pursuing an acquisition. A successful deal would significantly strengthen Playtech’s presence in the lucrative Italian iGaming market, but interest from competitors Flutter Entertainment and Lottomatica may mean a harsh negotiation process. Playtech […]
Business
September 27, 2023
Flutter Agrees to Acquire 51% Stake in MaxBet via $149M Deal
Global betting and gaming company, Flutter Entertainment, announced a major Balkan-facing acquisition. On Wednesday this week, the company revealed it acquired a 51% stake in the omni-channel sports betting and gaming operator with a strong presence in Serbia, MaxBet. The acquisition is subject to relevant regulatory clearances and has a cash consideration of €141 million […]
Poker
September 11, 2023
Flutter Steps Up the Game, Rebrands PokerStars VR as Vegas Infinite
Flutter Entertainment announced the rebranding of PokerStars VR as Vegas Infinite. The move is part of a full-scale overhaul of the free-to-play social casino, the company explained. Vegas Infinite represents the next generation in Poker Stars VR’s evolution as a virtual entertainment destination. The rebranded game will continue to build on the success of its […]
Business
September 8, 2023
Flutter Entertainment Parts Ways with NED Mary Turner
Gambling giant Flutter Entertainment announced that it is parting ways with Mary Turner, one of its non-executive directors. According to the announcement, the Canadian national will officially leave the board at the end of September, ending a three-year tenure. In addition to departing from her position as a NED, Turner will also resign as chair […]
Business
August 9, 2023
Flutter Enjoys Exceptional Performance for First Half of 2023
Globally-recognized sports betting group, Flutter Entertainment, released its latest interim results, highlighting strong growth in revenue, EBITDA and the number of average monthly players for the first half of 2023. Released Wednesday, the financial results outline details regarding the company’s performance for the six months ended June 30, 2023, pointing to a solid growth of […]
Business
July 31, 2023
Fox Corp. and Flutter to Shutter Their Fox Bet Online Wagering Business
As the joint project of Fox Corp. and Flutter Entertainment, Fox Bet was perfectly positioned to capitalize on the growing US online sports betting market. However, disagreements between the two companies and diverging interests meant the project never reached its full potential. The impending shutdown will undoubtedly create short-term instability, but Flutter’s dominating market position […]
Industry
July 21, 2023
Flutter Seeks Startups Able to Improve the Gaming Sector and Tackle Societal Challenges
Flutter Entertainment announced that its Alpha Hub startup partnership program is looking for fresh companies that are able to create innovative safer gambling solutions. The program’s goal is to shape a better future for gaming and society as a whole, in line with the Positive Impact Plan. Flutter’s Positive Impact Plan utilizes the company’s global […]
Sports
June 28, 2023
Flutter Celebrates 22 Million Bets Placed at Royal Ascot Event
Such an impressive number of wagers highlights the growing popularity of online betting and the continued enthusiasm of bettors for high-profile horse racing events. The Royal Ascot’s prestigious reputation and storied history contribute to its enduring popularity, helping it appeal to a global audience. Flutter donated a significant sum to charity, highlighting the company’s commitment […]
Industry
May 22, 2023
Inspired Extends Virtual Sports Partnership with Paddy Power
Content, technology, hardware and services provider for the gaming industry, Inspired Entertainment, announced today that its partnership with Irish bookmaker Paddy Power has been extended. The Best Possible Retail Betting Shop Experience The new long-term contract signed between Inspired Entertainment and Paddy Power will see the B2B provider continue to deliver to the Flutter Entertainment-owned […]
Business
May 4, 2023
FanDuel Confident in Profitability as Customer Acquisition Soars
FanDuel is on its own a champion within Flutter’s ecosystem and one of the company’s most important assets in the US market. Group revenue increased by 54% in the first quarter, but FanDuel was the real winner as the brand’s revenue jumped by 92% on an annual basis, demonstrating that the company may indeed be […]
