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.

FanDuel says Iowa-LSU game was its biggest betting event of all time for women's sports

Flutter's transition to trading on the NYSE has increased its penetration into the US investor pools. FLUT, the largest international online sports betting platform, is expected to benefit from its scale against peers. The growth of Fan Duel in the US has been a major driver of FLUT's success, and the company is projected to turn profitable this year.

Flutter Entertainment: It's All About Scale In The Sports Betting Sector

Flutter Entertainment PLC (LSE:FLTR) is well positioned to address the likes of higher taxes, potential clampdowns on VIP schemes and prospective bans on college betting, analysts have said. Responding to media reports that each were being called for, Jefferies argued “Flutter sits in a relatively better position to address [these]”.

Flutter well positioned against US clampdowns - analysts

DraftKings

In the midst of March Madness, the NCAA is pushing for states with legal wagering on sporting events to ban prop bets on college athletes.

DraftKings, Flutter shares fall as NCAA pushes states to ban prop bets on college athletes

Penn Entertainment

Online gaming is in focus this morning after seven of the largest U.S. based names in that space came together to form ROGA – the Responsible Online Gaming Association. Which of the seven U.S.

U.S. sportsbooks come together on responsible gaming

DUBLIN, IRELAND and TORONTO, ON / ACCESSWIRE / March 26, 2024 / Further to its Full Year 2023 Financial Results Announcement issued on Tuesday, 19 March 2024, Flutter Entertainment plc (the "Company") announces that its Annual Report on Form 10-K for the financial year ended 31 December 2023 (the "Annual Report on Form 10-K") has been published and filed with the U.S. Securities and Exchange Commission (the "SEC") today. In connection with its reporting obligations under the Listing Rules of the UK Financial Conduct Authority, the Company has also prepared a UK annual report, incorporating the Annual Report on Form 10-K (the "Annual Report and Accounts 2023").

Flutter Entertainment PLC Announces Publication of Annual Report and Accounts 2023

Flutter Entertainment plc (FLUT) Q4 2023 Earnings Call Transcript

Paddy Power and FanDuel owner Flutter Entertainment PLC (LSE:FLTR)'s annual results proved one thing- the group's decision to list in the US was less of a risky gamble and more of a sure bet. Flutter listed its shares on the New York Stock Exchange on 29 January, concurrently confirming a primary listing switcheroo while keeping a secondary listing on the London Stock Exchange.

Flutter results prove US the right horse to bet on

Gambling giant Flutter Entertainment on Tuesday posted a 25% surge in its revenue – driven by the fast-paced growth of its U.S. subsidiary FanDuel – while also reporting a widening of its overall losses after a series of multi-million-dollar impairment charges hit its bottom line.

Flutter Entertainment posts 25% surge in sales as bet on FanDuel pays off

Paddy Power owner Flutter Entertainment PLC (LSE:FLTR) saw global revenues grow by 24.6% year-on-year to $11.79 billion (£9.3 billion) in 2023, although net losses widened to $1.21 billion from $370 million in the previous year. This net loss was primarily due to significant non-cash charges, including a $725 million impairment on the PokerStars trademark.

Paddy Power owner Flutter hails positive US earnings

Flutter Entertainment forecast earnings growth of 30% in 2024, after strong growth in its U.S. operations last year, with revenue rising 41%.

Flutter Predicts Earnings Jump on U.S. Growth

DUBLIN, IRELAND & TORONTO, ON / ACCESSWIRE / March 26, 2024 / Flutter Entertainment (LSE:FLTR)(NYSE:FLUT), the world's leading online sports betting and iGaming operator, today announced results for fiscal year ended December 31, 2023. Guidance for fiscal year ending 31 December 2024 introduced, with Group revenue growth of 17.5% at the midpoint.

Flutter Announces Fiscal Year 2023 Earnings

Entain PLC

US investment bank Jefferies' latest insights into the US online gambling sector highlighted a record-breaking February for US iGaming revenues and significant growth in online sports betting (OSB). According to Jefferies, the US iGaming market set a new record with gross gaming revenue (GGR) reaching $649 million, marking a 31% increase year-over-year.

Online gambling's record February: Flutter and Entain come up trumps

Flutter Entertainment to Report Full Year 2023 Financial Results and Host a Conference Call on March 26, 2024 DUBLIN, IRELAND and TORONTO, ON / ACCESSWIRE / March 19, 2024 / Flutter Entertainment plc ("Flutter") (LSE:FLTR)(NYSE:FLUT)(TSX:TSGI), the leading online sports betting and iGaming operator, today announced that it will release full year 2023 financial results on Tuesday, March 26, 2024 at 7:00 a.m. GMT (3:00 a.m.

Flutter Entertainment PLC Announces Notice of 2023 Preliminary Results

Neither of the two big UK bookmakers - Flutter Entertainment PLC (LSE:FLTR) and Entain PLC (LSE:ENT) - seemed to have been swayed by the latest positive data emanating from the US covering February. The read-out is important on two counts.

Flutter and Entain little moved by Super Bowl success for US bookies

Since listing on the New York Stock Exchange at the end of January, shares of Flutter Entertainment plc NYSE: FLUT have gone from strength to strength. They've gained more than 40% since January's low and are closing in on the all-time high they'd previously traded in 2021.

Flutter Receives Major Upgrades: Investor Interest Skyrockets

Flutter Entertainment has received an upgrade from JP Morgan which is taking a more positive stance on the Betfair and Paddy Power owner than previously on its prospects in the US. FanDuel is Flutter's big brand in the US and JP Morgan has raised forecasts for revenue and profit growth at the business into double-digits from 2026 onwards.

Flutter Entertainment upgraded on US prospects by JP Morgan

New relationship with Kindbridge Behavioral Health is part of a series of initiatives that aim to support problem gambling prevention, treatment and recovery efforts. NEW YORK, March 6, 2024 /PRNewswire/ -- FanDuel, North America's premier online gaming company, today announced a series of initiatives and financial support focused on raising awareness of the importance of responsible play during Problem Gambling Awareness Month.

FanDuel Introduces New Mental Health Collaboration and Support Efforts During Problem Gambling Awareness Month

Sports fans in North Carolina can now pre-register on the FanDuel Sportsbook app NEW YORK , March 4, 2024 /PRNewswire/ -- FanDuel, North America's premier online gaming company, today announced a new multi-year partnership with the Carolina Panthers as an Official Sports Betting Partner. The partnership comes ahead of the March 11 launch of mobile sports betting in North Carolina and is part of a series of initiatives to engage sports fans throughout the state.

FanDuel Becomes an Official Sports Betting Partner of Carolina Panthers Ahead of Upcoming North Carolina Launch

Super Bowl LVIII was great for ratings, averaging a record 123.7 million viewers, according to Nielsen. It also appeared to be a notable one for major betting companies.

FanDuel, DraftKings both see huge Super Bowl betting totals

DraftKings and FanDuel will be the top beneficiaries from record Super Bowl betting, Bank of America wrote on Friday. Equity strategist Shaun Kelley expects Taylor Swift's presence to boost bets.

DraftKings and FanDuel are set to be the big Super Bowl winners amid record betting activity fueled by Taylor Swift

Flutter Entertainment plc is a global leader in the online gaming sector, generating 60% of its revenue. Flutter Entertainment's international business and revenue base make it undervalued compared to its U.S. competitor DraftKings. ESPNBet and Fanatics are potential disruptors in the market, but their impact on Flutter Entertainment and DraftKings is expected to be minimal.

Flutter: Newly Traded NYSE Sports Betting Giant Could Be A Big Gainer

Betting companies like Flutter Entertainment PLC (LSE:FLTR), Entain and 888 are set to benefit from growth in both their US and online markets, outweighing any regulatory headwinds, analysts believe. Stateside bank Jefferies stamped a ‘buy' rating on both stocks, although Paddy Power owner Flutter received the ‘top pick' status due to its “outsized benefits” regarding its ability to gain online market leadership.

Flutter undervalued despite US dominance and 2024 tailwinds, says broker

MGM Resorts

People have been placing their bullish bets on the sports betting stocks of late, with the broader basket gaining considerable momentum. While the Magnificent Seven stocks stole the show (yet again) this earnings season, I think other corners of tech are more than worthy of the attention of growth-savvy investors.

Game On: 3 Sports Betting Stocks Worthy of a Wager

US bookmakers are heading for a bumper start to 2024, according to broker Jefferies, which has reiterated buy recommendations on Entain and Flutter, two of the largest players in the market. Ajed of the week's Super Bowl between San Francisco and Kansas City, the bank wrote: “Signs remain encouraging for the bookmakers, with high engagement and betting activity,” especially in the newly legalised areas such as Ohio.

News for Flutter Entertainment PLC Stock (FLUT)