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.

British gambling technology firm Playtech has agreed to sell its Italian unit Snaitech for 2.3 billion euros ($2.56 billion), including debt, to the world's largest betting company Flutter Entertainment , the companies said on Tuesday.

UK's Playtech to sell Italian unit to Flutter for $2.56 bln

Addition of Snai enhances Flutter's gold medal position in attractive Italian market DUBLIN & TORONTO, ON / ACCESSWIRE / September 17, 2024 / Flutter Entertainment (NYSE:FLUT)(LSE:FLTR) ("Flutter")the world's leading online sports betting and iGaming operatortoday announces that it has agreed to acquire Snaitech S.p.A. ("Snai"), one of Italy's leading omni-channel operators, from a subsidiary of Playtech plc, for cash consideration based on an enterprise value of €2.3b1.

Flutter Entertainment PLC Announces Acquisition of Snaitech

NEW YORK , Sept. 16, 2024 /PRNewswire/ -- FanDuel, North America's premier online gaming company, announced it has appointed Caralyn Cooley as the company's new Chief People Officer (CPO).

FanDuel Appoints Caralyn Cooley as Chief People Officer

Caesars Entertainment

DraftKings

Penn Entertainment

Two U.S. lawmakers have introduced a bill to address sports betting at the federal level. The proposed legislation would focus on affordability, advertising and artificial intelligence.

U.S. lawmakers introduce bill to put regulations on sports betting operators

DUBLIN, IRELAND AND TORONTO, ON / ACCESSWIRE / September 13, 2024 / Flutter Entertainment plc ("Flutter") (NYSE:FLUT)(LSE:FLTR), the leading online sports betting and iGaming operator, today announced that it will host an Investor Day event on Wednesday, September 25, 2024 at 13:00 ET (18:00 BST). This hybrid event will take place at Cipriani, 25 Broadway, New York, and will feature a presentation by management showcasing the future growth potential for the Flutter Group and the capital allocation opportunities that will unlock.

Flutter Entertainment to Host Investor Day

Paddy Power-owner Flutter Entertainment PLC (LSE:FLTR)'s $350 million acquisition of a controlling stake in Brazilian gaming company NSX Group ticks to boxes for brokerage Shore Capital Markets. “We see this as a sensible move, further expanding and accelerating its growth profile, consistent with its expansion profile and medium-term leverage ratios,” said Shore Cap analysts.

Flutter's Brazil acquisition a ‘sensible move'

Paddy Power owner Flutter Entertainment PLC (LSE:FLTR) has acquired a 56% stake in NSX Group, a leading Brazilian betting operator known for its Betnacional brand. The acquisition was valued at approximately $350 million.

Paddy Power-owner Flutter bets on Brazil

Irish betting giant Flutter Entertainment said on Friday it will buy a 56% stake in NSX Group, the operator of Brazilian gaming group Betnacional for about $350 million.

Flutter to buy controlling stake in NSX Group for $350 mln

NEW YORK / ACCESSWIRE / September 13, 2024 / Flutter Entertainment (NYSE:FLUT)(LSE:FLTR) ("Flutter"), the world's leading online sports betting and iGaming operator today announces the acquisition of an initial 56% stake in NSX Group ("NSX"), a leading Brazilian operator of the Betnacional brand for cash consideration of approximately $350m 1 . The transaction fully aligns withFlutter'sstrategy to invest in leadership positions in international markets, securing a podium position for Flutter on completion in the regulating and fast-growing Brazilian market.

Flutter Entertainment PLC Announces Acquisition of NSX Group

Flutter Entertainment PLC (LSE:FLTR) and Deliveroo PLC (LSE:ROO) are first and third among the 'top picks' among European internet stocks for Morgan Stanley (NYSE:MS).  Updating its views across the EU internet sector, the investment bank said it favoured Deliveroo in food delivery after it became profitable and generate free cashflow in the first half of this year.

Flutter and Deliveroo top picks in the European internet stocks for this investment bank

FanDuel Parent Flutter Entertainment is IBD Stock Of The Day, flashing a buy signal as investors cheer the start of the NFL season.

FanDuel Parent, Stock Of The Day, Flashes Buy Point As NFL Kicks Off Season

Flutter: This NFL Season Has Big Gifts For Sports Betting Sites

FanDuel Casino makes one lucky player a millionaire through FanDuel Casino 's $1M Jackpot Summer Sweepstakes. NEW YORK , Sept.

FanDuel Casino Crowns $1M Jackpot Summer Sweepstakes Winner

Paddy Power and FanDuel owner Flutter Entertainment PLC (LSE:FLTR)'s secondary share listing on the London Stock Exchange is well bid this Monday, with the stock adding 1.75% to 16,315p. In a broker note, Jefferies analysts remarked that FanDuel continues to outperform its competitors in the US.

Flutter's FanDuel retains dominant position in US sports betting market

FanDuel vs. DraftKings: The battle of the sports betting giants continues as FanDuel-parent Flutter Entertainment likes its odds.

Ladies And Gentlemen, Place Your Bets: DraftKings Or FanDuel?

Featuring former NBA Star Randy Livingston – who experienced problem gambling - and his wife Anita Smith, the newest members of FanDuel's RG Ambassador Program Program provides educational resources, including a video series on the risks of underage gambling, the importance of proactive, informed conversations and where to seek help or learn more NEW YORK , Sept. 4, 2024 /PRNewswire/ -- September marks Responsible Gaming Education Month, and today FanDuel, the premier online gaming company in North America, announced a new partnership with former NBA player and basketball coach Randy Livingston and his wife, sports agent Anita Smith, to launch "Trusted Voices: Conversations About Betting.

FanDuel Launches "Trusted Voices: Conversations About Betting" Focused on Helping Parents and Families Discuss Gambling

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FLUT, GCO, OPRA, SUPV and HCA have been added to the Zacks Rank #1 (Strong Buy) List on August 30, 2024.

New Strong Buy Stocks for August 30th

Betfair and FanDuel owner Flutter Entertainment PLC (LSE:FLTR) said it will appeal the $330 million damages that a court in the former Soviet nation of Georgia has awarded against the FTSE 100 bookmaker over a copyright infringement case.  The Court of First Instance ruled against Flutter and its local partner Spribe over a trademark claim filed by Aviator LLC, a former shareholder of the Irish company's Georgian subsidiary Adjarabet.

Flutter hit with $330m copyright infringement in Georgia, plans to appeal

Irish betting giant Flutter Entertainment said on Thursday it plans to appeal a $330 million ruling against itself and partner Spribe in Georgia in a trademark case filed by a former shareholder of its Georgian subsidiary Adjarabet.

Flutter says it will appeal $330 million Georgia ruling

TBILISI, Georgia--(BUSINESS WIRE)--On August 20, the Court of First Instance in the country of Georgia ruled in favor of Aviator LLC's copyright and trademark infringement claim against the gaming company Spribe OÜ and Adjarabet, Georgia's largest online casino which is owned by the UK-based company Flutter Entertainment Plc (NYSE: FLUT) (LON: FLTR). The court ruling found copyright and trademark infringement and invalidated trademark registrations based on bad faith registration and copyright.

Aviator LLC Wins $330 Million Trademark and Copyright Claim against Gaming Operators Spribe OÜ and Adjarabet

A battle between DraftKings Inc DKNG bulls and bears could come down to EBITDA, surcharges and competition, an analyst says after the company and rival Flutter Entertainment FLUT have both now reported second-quarter financial results.

DraftKings Vs. Flutter: Analyst Lays Out Bull Vs. Bear Debate With Sports Betting Market 'Increasingly Functioning As A Duopoly'

The impressive performance from Flutter Entertainment PLC's (LSE:FLTR) fast-growing FanDuel business in the US has led Deutsche Bank to up its share price target for the bookmaker.    First-half results provided a "strong finale" to the sector's recent results season, said analyst Simon Davies, hiking his target to £187.17 from £175.89, versus the last closing price just over £160, and reiterating a 'buy' rating.

Flutter's flying US business leads investment bank to hike target

Flutter reported phenomenal second-quarter earnings this week, wowing investors and sending shares up. But it was the declaration that FanDuel will not add a surcharge to offset an Illinois tax hike that grabbed attention.

DraftKings reverses plans for a tax on customers as FanDuel parent Flutter wows Wall Street

FanDuel owner Flutter Entertainment rallied after earnings results. DraftKings jumped after nixing plans to tax gambling winnings.

FanDuel Parent Spikes On Earnings; DraftKings Scraps Surcharge Plans

Flutter Entertainment (NYSE: FLUT ) stock is on the rise Wednesday after the sports betting and gaming company announced its latest earnings results. The good news for FLUT stock starts with its adjusted earnings per share of $2.61.

News for Flutter Entertainment PLC Stock (FLUT)