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.

Flutter has been upgraded by analysts at Deutsche Bank even after what they describe as a mixed fourth-quarter performance. Sports results in the US were weak but outside of the states the group was ahead of expectations largely down to the UK where it owns Paddy Power and Betfair.

Flutter gets price target upgrade after fourth quarter impresses Deutsche Bank

Shares in Flutter Entertainment rallied in London on Thursday ahead of a planned U.S. stock-market listing, even as the FanDuel owner warned that a string of sporting results in customers' favor will result in lower-than-planned revenue.

Flutter Entertainment shares rally ahead of U.S. listing

Shares in Flutter Entertainment PLC (LSE:FLTR) jumped 12% as the City shrugged off news that US results had been impacted by “customer friendly” results, particularly in the NFL. The owner of Paddy Power said fourth quarter revenue in the US was impacted by customer friendly sports results to the tune of $343 million, partially mitigated by expected gross revenue margin being better than anticipated.

Flutter jumps despite 'customer friendly' results as US listing looms

Online betting giant Flutter posted a 15% rise in fourth-quarter revenue on Thursday but said growth of 26% in its Fanduel U.S. business was below expectations due to a series of very friendly customer results.

Betting giant Flutter's Q4 U.S. revenues below guidance

DraftKings

Vermont launched online sports betting Thursday, becoming the latest state to jump into the booming industry.

DraftKings, FanDuel launch mobile sports betting in Vermont as industry keeps booming

Betting group Flutter Entertainment PLC (LSE:FLTR) will provide a preliminary update on full-year trading next Thursday, 18 January. However, it's any news on the FTSE 100 firm's intention to list on the New York Stock Exchange later this month that investors will likely be keeping an eye on.

Flutter to give final update before listing in New York

Morgan Stanley (NYSE:MS) has highlighted its top picks in the leisure and hotel sectors for 2024, citing Flutter Entertainment PLC (LSE:FLTR), Accor, Whitbread PLC (LSE:WTB), and Compass Group PLC (LSE:CPG) as top overweight stocks with a positive outlook on their future performance. In the betting space, Paddy Power-owner Flutter's US listing “should be positive for investor attention, liquidity and comparability”, according to the bank, with the group's transformative financial profile and M&A opportunities paving the way for shares to outperform.

From Premier Inn to Paddy Power: Morgan Stanley's top ‘24 leisure and hotel picks

Flutter Entertainment PLC (LSE:FLTR) nabbed a buy rating from Peel Hunt after the betting group's share price backtracked “from the initial excitement about a US domestic listing”. Despite lifting in the first two weeks of December, Flutter's shares remain 14% lower since the middle of the year, but Peel Hunt expects increased demand when the company lists in New York on January 29, 2024, Peel Hunt also reckons the trading update due in January could be a “platform for upgrades” despite November guidance lowering expectations due to adverse sporting results and foreign exchange headwinds.

Flutter shares seeing increased demand before US listing - analyst

Flutter Entertainment plc's U.S. business, FanDuel, holds the largest share of the market, followed closely by DraftKings. BetMGM is the only other competitor with a double-digit market share, while the rest of the sites battle for the remaining share. Flutter Entertainment's listing on the NYSE will provide clarity for investors and allow for a direct comparison with other sector leaders.

Flutter: Imminent NYSE Listing For Sports Betting U.K. Parent Could Be Game Changer

Company formerly known as Paddy Power Betfair will keep premium listing in London for now

Betting firm Flutter to list on New York stock exchange in January

IG Group Holdings Plc (LSE:IGG) has appointed former Paddy Power and Betfair boss, Breon Corcoran, as its new chief executive.  The spread betting outfit said Corcoran will join the group on January 29 2024, and will be a member of the board, concluding a “comprehensive global search process”.

IG names former Paddy Power and Betfair boss as new CEO

Flutter Entertainment PLC (LSE:FLTR), the owner of Paddy Power and Betfair, said its shares will make their debut on the New York Stock Exchange on January 29 as part of its long-awaited US listing. The move underlines the growing importance of its American asset base, specifically its sports book operation FanDuel.

Flutter confirms New York Stock Exchange debut date

Caesars Entertainment

Casino stocks are generally having a decent year in 2023. Two of the largest pure-play exchange traded funds (ETFs) are the VanEck Gaming ETF (NASDAQ: BJK ) and the Roundhill Sports Betting & iGaming ETF (NYSEARCA: BETZ ).

Game On: The 3 Best Casino Stocks for the Sports Betting Era

Entain PLC

Flutter Entertainment PLC (LSE:FLTR) and Entain PLC (LSE:ENT) have had underlying profit forecasts reduced by analysts due to an uptick in competition in US markets and several other headwinds. With more players flooding the US betting market, Entain, which owns half of BetMGM, and Flutter, which owns market leader FanDuel, are seeing the valuations of their Stateside business diminish.

Flutter and Entain see guidance scaled back as US competition hots up

NEW YORK--(BUSINESS WIRE)--FanDuel Founders Launch the First-Ever Fantasy Record Label Game.

FanDuel Founders Launch the First-Ever Fantasy Record Label Game

PDYPY (Flutter) reported a 12% negative revenue impact in Q3 due to unlucky play in the US and poor results from Australian horse racing. The company's upcoming listing on the NYSE is expected to bring advantages in terms of visibility and attract retail investors. The battle between PDYPY and DKNG for market share dominance in the sports betting sector continues, with PDYPY already owning the biggest share in the US.

Flutter: A Buy On The Dip Opportunity For This Sports Betting Global Giant

Flutter, the parent company of online betting platform FanDuel, reportedly saw a setback in its stock value Thursday (Nov. 9) after revealing disappointing third-quarter earnings.

Flutter Attributes Soft Earnings to Customer Wins and Currency Headwinds

Dublin-based Flutter has applied for its shares to list on the NYSE in its first quarter of fiscal 2024.

FanDuel Parent Flutter Applies to Trade on the NYSE. Look Out DraftKings.

A disappointing earnings report sent shares of FanDuel parent Flutter falling, as it defends its first place position in the U.S. sports betting market.

Flutter shares fall after disappointing earnings — but it insists FanDuel is No. 1 in sports betting

The parent company of FanDuel plans to list in the U.S. early next year, as Flutter Entertainment shares slumped on a profit warning.

FanDuel parent planning NYSE listing early next year

Shares in Flutter Entertainment PLC (LSE:FLTR) tumbled almost 10% to 12,390p, their lowest since February, after warnings that profits for the year are likely to be at the bottom of the expected range due to "very customer friendly sports results" in the UK and US. The group also said it expects to list on the New York Stock Exchange in the first quarter of 2024, having submitted its aplliction for the additional listing with the US SEC.

Flutter Entertainment booted lower after warning of low-end profits

AstraZeneca

A quarterly update from AstraZeneca PLC (LSE:AZN) approaches with its shares having slipped 15% from the all-time highs reached in the spring, when it jostled back past Shell to regain top spot of the FTSE 100

AstraZeneca, Wizz Air, Flutter: Thursday's highlights

UK-based betting operator Flutter Entertainment was up 2.5%, following strong results overnight in the US from rival DraftKings. Shares in the sports and betting company soared after hours in the US after it reported much higher third-quarter revenues than expected and raised its full-year guidance.

Flutter boosted by peformance of US rival DraftKings

Persimmon PLC

The FTSE 100 index had a strong performance this week as investors reacted to important UK earnings and the Federal Reserve and Bank of England (BoE) decisions. Some of the top earnings came from oil giants like BP and Shell.

FTSE 100 analysis ahead of Beazley, Flutter, Persimmon, AstraZeneca earnings

When Flutter Entertainment PLC (LSE:FLTR), the betting company, reports a third-quarter update on Thursday, November 9 it will likely be hoping to echo much of the good from rival Entain's results while avoiding all of the negatives. Entain PLC (LSE:ENT), the owner of Ladbrokes and Coral, saw its shares slip by around 4.5% on Thursday after continued “customer friendly” results continued to eat away at sports margins and therefore underlying earnings.

News for Flutter Entertainment PLC Stock (PDYPY)