Flutter Entertainment PLC

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Flutter Entertainment Plc engages in the business of online betting and gaming. It operates through the following segments: UK and Ireland, Australia, International, and US. The UK and Ireland segment includes the operations of Sky Betting and Gaming, Paddy Power, Betfair, and tombola. The Australia segment focuses on sports betting services provided to Australian customers online. The International segment relates to poker, casino, rummy, lottery, and sports betting. The US segment includes sports betting, daily fantasy sports, and gaming services. The company was founded in 1988 and is headquartered in New York, NY.

DoubleDown Interactive Co Ltd

Nexters

Robust online betting demand bodes well for the Gaming industry. Stocks like FLUT, DDI and GDEV benefit from an improving industry trend.

3 Must-Buy Gaming Stocks to Thrive on Promising Market Trends

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MGM Resorts

The outlook for growth in 2024 for casino companies could be one key area to watch in the gaming space along with a favorable backdrop for online sports betting companies, an analyst said.

6 Top Stocks For Gaming, Casinos, Sports Betting: Analyst Says This Company's Estimates Will 'Prove Conservative'

Entain PLC

Shares in Evoke, Entain, Flutter Entertainment and Rank Group tumbled on the back of the reports, which suggest that the U.K. government is aiming to raise up to $3.9 billion from the sector.

U.K. Gambling Stocks Fall on Reports of New Industry Taxes

Evoke Pharma

Shares in listed bookmakers Entain PLC (LSE:ENT), Flutter Entertainment PLC (LSE:FLTR) and Evoke PLC (LSE:EVOK) tumbled on the back of news that the UK government might target the sector in this month's Budget.  HM Treasury could hit the gambling industry with a £3 billion tax raid, it was reported at the weekend, as Rachel Reeves looks for ways to help fill the £22 billion 'black hole' in the public finances.

Bookmakers Entain, Flutter, Evoke and Rank tumble on new gambling tax reports

DraftKings

Florida's sports betting market may be about to get a lot more interesting, with Hard Rock's chairman opening the door to partnerships with commercial sportsbooks. Hard Rock has the monopoly on sports betting in the state, winning the exclusive tribal gaming compact following a hard-fought battle against Flutter-owned FanDuel, DraftKings and Penn Entertainment.

Hard Rock chairman opens the door to a FanDuel or DraftKings partnership in Florida

FLUT is experiencing strong momentum, driven by its leadership through FanDuel, which commands nearly 40% of the U.S. sports betting and iGaming market.

Flutter Entertainment Stock Up 10% in a Month: Should You Buy Now?

ATLANTA , Oct. 3, 2024 /PRNewswire/ -- FanDuel, the premier online gaming company in North America, today announced a $175,000 donation to four Georgia organizations, Greater Valdosta United Way (GVUW), United Way of Toombs, Montgomery and Wheeler Counties, Second Harvest Foodbank of South Georgia, and Golden Harvest Food Bank INC, supporting hurricane relief efforts throughout impacted communities in southern Georgia. "FanDuel is a proud employer in Georgia and is devastated to see the damage across communities many of our team members call home," said Alison Kutler, Vice President, Responsible Gaming and Community Impact at FanDuel.

FanDuel Donates $175,000 to Four Local Organizations to Support Hurricane Recovery Efforts in Georgia

Donation comes after this year's launch of mobile sports betting in the state and marks the fourth $1 million FanDuel donation to UNCF NEW YORK , Oct. 1, 2024 /PRNewswire/ -- FanDuel, the premier online gaming company in North America, today announced a fourth $1 million donation supporting the UNCF (United Negro College Fund) whose mission is to build a robust and nationally recognized pipeline of under-represented students who, because of UNCF support, become highly qualified college graduates. The donation will financially support students at 11 historically Black colleges and universities (HBCUs) across North Carolina.

FanDuel Donates $1 Million to UNCF to Support Students from North Carolina HBCUs

International Game Technology

IGT PlaySports and FanDuel Group team up for retail sports betting through 2028 LONDON , Sept. 26, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it recently renewed a multi-year retail sports betting agreement with FanDuel, North America's premier online gaming company and an operating unit within Flutter Entertainment plc (NYSE: FLUT).

IGT Named FanDuel Sportsbooks' Exclusive Retail Sports Betting Platform Provider in North America for Four Additional Years

iGaming and fantasy sports giant Flutter Entertainment held its Investor Day today. It outlined robust above-industry growth and margin expansion through 2027.

Why Flutter Entertainment Rallied Today

The widespread legalization of sports betting has plenty of investors scrutinizing the sector as a growth play, especially amid the NFL season.

2 Sports Betting Stocks on the Rise Today

FanDuel parent Flutter Entertainment announced its long-term growth plan, a $5 billion stock buyback Wednesday. Betting stocks jump.

FanDuel Parent Breaks Out On Growth Plan, $5 Billion Buyback

Flutter Entertainment PLC (LSE:FLTR) gained over 9% on Wednesday after unveiling plans at its investor day to buy back US$5 billion (£3.7 billion) worth of shares. This came as the Betfair owner said its total addressable US market was set to grow to US$63 billion by 2030, one and a half times larger than initially forecast.

Flutter Entertainment jumps after unveiling $5bn share buyback

FanDuel boosted its outlook for the size of the total addressable market in North America.

Flutter Entertainment's stock up 8% after FanDuel parent outlines growth plans and unveils $5 billion share buyback

NEW YORK--(BUSINESS WIRE)--Flutter Entertainment (NYSE:FLUT; LSE:FLTR), the world's leading online sports betting and iGaming operator will host an investor event today, introducing medium-term 2027 guidance and the authorization of an up to $5bn share repurchase program. Flutter holds unparalleled leadership positions in the US and Rest of World (“ROW”)1 through a diversified portfolio of market-leading brands2. These brands enjoy local scale positions and the unique advantages of the Flutter.

Flutter Entertainment Outlines Long-Term Growth Plan and up to $5bn Share Repurchase Program Authorization

Flutter , , the world's largest online betting company, said on Wednesday it expects to more than double its core profit by 2027 and that it had authorised a share buyback of up to $5 billion to be deployed over that period.

Flutter sees profits doubling by 2027, authorises $5 bln share buyback

Strong market share and growing opportunities in online sports betting could push Flutter Entertainment FLUT shares higher, according to Needham analyst Bernie McTernan, who initiated coverage with a Buy rating and a $270 price target

Flutter Analyst Sees 'Significant Earnings Power' With Growing Duopoly, Sports Betting Market Size: 'Add It To The Bet Slip'

SoFi Technologies

Stock Yards Bancorp

SYBT, SOFI and FLUT made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 20, 2024.

Best Momentum Stock to Buy for September 20th

Next week's Flutter Entertainment PLC (LSE:FLTR) investor day comes as the Paddy Power and FanDuel-owner faces a big decision on its capital-allocation policy. Specifically, should the betting powerhouse use its rapidly accelerating US-generated profits to give shareholders a short-term serotonin boost in the form of buybacks, or should it play the long game and pursue more company acquisitions?

Flutter's big decision: Capital returns or more M&A?

Flutter, the parent of FanDuel, is acquiring Italian gaming company Snaitech. It also announced a major deal in Brazil last week, as Flutter looks to a range of international markets for growth.

FanDuel parent Flutter looks for international growth with big acquisitions in Italy, Brazil

FanDuel parent Flutter Entertainment (FLUT) said Tuesday that it has agreed to a deal to acquire Snaitech, one of Italy's largest online gambling platforms.

FanDuel Parent Flutter Expands Footprint With Acquisition of Italy's Snaitech

Free financial counseling expands in Kentucky one year after the launch of mobile sports betting Partnership with leading organization dedicated to providing access to financial education and empowerment aims to help individuals understand how to best manage their personal finances for long-term financial security NEW YORK , Sept. 17, 2024 /PRNewswire/ -- FanDuel, the premier online gaming company in North America, today announced a second $1 million donation to Operation HOPE, the nation's leading non-profit dedicated to financial literacy, to promote financial empowerment and expand access to free financial counseling to residents of Kentucky.

FanDuel Continues Commitment to Financial Literacy with Expansion of Operation HOPE Partnership

Flutter Entertainment PLC (LSE:FLTR)'s €2.3 billion acquisition of Playtech PLC (LSE:PTEC)'s Snaitech gaming business in Italy is around €70 million below Peel Hunt's sum-of-the-parts valuation for the business, the broker has stated. This in turn implies a 5% lower price of Playtech stock than Peel Hunt's 1,000p target price.

Flutter got small bargain in Playtech Italy disposal - analyst

Flutter Entertainment has reached an agreement to acquire Playtech subsidiary Snaitech, in what will see the Irish company become Italy's largest gambling business

FanDuel owner Flutter Entertainment strikes $2.6 billion deal to buy Italy's Snaitech

FanDuel and Paddy Power-owner Flutter Entertainment PLC (LSE:FLTR) has tabled a €2.3 billion (£1.9 billion) offer for Playtech PLC (LSE:PTEC)'s Italian gaming operator Snaitech. The offer follows a confirmation that talks were underway between the two in August.

News for Flutter Entertainment PLC Stock (FLUT)