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 Entertainment plc stock is currently priced at $75.37, with a 52-week range of $60.32 to $105. The company has a market cap of $26.62 billion and an EPS of $2.74. Analysts have a consensus price target of $115.94, and the overall view is to buy with a target of $107.75 by the end of 1Q24.

Flutter: FanDuel Should Hold Dominant Market Share Against Deep-Pocketed Entries

Entain PLC

Entain, the owner of Ladbrokes and Coral, as well as other gambling companies have experienced steep share price falls in the last few months, but analysts at Exane believe the “negative moves are mostly overdone.” Shares in Entain have slipped close to 33% since August, while Flutter, owner of Paddy Power and Sky Bet, has dropped around 15% in the same period.

Entain and Flutter may have fared the worst, says analyst

Season tips off with access to out-of-market games plus a new product innovation "The Pulse" that features real-time markets across the biggest storylines in sports NEW YORK , Oct. 19, 2023 /PRNewswire/ -- FanDuel, North America's premier online gaming company and an Official Sports Betting Partner of the National Basketball Association (NBA), is excited to be the only U.S. sports betting operator offering fans three months of NBA League Pass. The sportsbook is also introducing an exciting new product feature that will help fans bet on key moments in a game in real-time to start the season.

FanDuel and the NBA Partner to Bring Fans Three Months of NBA League Pass

September's return of the National Football League in America has driven an uptick in sports betting prompting Jefferies analysts to back the likes of Flutter Entertainment PLC (LSE:FLTR). Citing betting figures for the three full game weeks in September, Jefferies noted that Flutter's FanDual had marked a positive start to the season.

NFL gambling uptick leaves analysts backing Flutter

Flutter Entertainment PLC (LSE:FLTR) shares were trading sideways - with the UK investors seemingly unaware of the bumper weekend of sports betting in the US. According to Jefferies, the online market is maintaining what looks to be maintaining year-on-year growth of around 30%.

Flutter Entertainment in focus as American sports betting maintains strong growth

America's #1 Sportsbook, and Official Partner of Churchill Downs, Now Available for Mobile Betting in Kentucky NEW YORK , Sept. 28, 2023 /PRNewswire/ -- FanDuel, North America's premier online gaming company, is now available across Kentucky.

FanDuel Group Launches Mobile Sports Betting in Kentucky

Flutter Entertainment PLC (LSE:FLTR), the betting operator, could be moving its primary listing to the US by mid-2024, analysts at Jefferies reckon, with the group's US sportsbook FanDuel already profitable and dominating in terms of market share. Plans to launch a secondary listing Stateside is already underway and according to the US bank, it could happen by the fourth quarter of 2023 or in the first quarter of 2024, with a primary listing targeted for the middle of next year.

Flutter could become a US stock by next year, says analyst

Flutter Entertainment PLC (LSE:FLTR) has taken a 51% stake in MaxBet, Serbia's number two omni-channel sports betting and gaming operator. The owner of Betfair, FanDuel, Paddy Power is paying £123 million cash for the holding, with an opportunity to buy the remaining 49% in 2029.

Flutter picks up 51% stake in Serbia's MaxBet for £123 million

Next Phase of the "Winning is Undefeated" ad campaign launches today. FanDuel Casino will be the exclusive home of IGT PlayDigital™'s Fort Knox Cleopatra game.

FanDuel Casino Announces Updated Marketing Campaign and Continued Game Enhancement

DraftKings

Online gambling in the US continues to boom and with new players entering the industry all the time, analysts at Barclays believe that while the top two market leaders are unlikely to lose their spots in the coming years there is set to be a battle for third place. Updating its total addressable market (TAM) estimates to US$33 billion for the US industry in the medium term, Barclays PLC (LSE:BARC) expects this figure to charge higher to US$55 billion in the longer term, having incorporated Canada into predictions.

Entain, Flutter & DraftKings battling for US sports betting dominance

Roundhill Sports Betting & iGaming ETF

VanEck Vectors Gaming ETF

Gambling.com Group

MGM Resorts

Penn Entertainment

With the 2023 NFL season underway, sports bets are surging. In fact, according to the Associated Press, GeoComply Solutions — used to verify a customer's location — said it recorded 242.3 million geolocation transactions from legal U.S. sportsbooks.

7 Sports Betting Stocks Worth a Gamble as Football Season Kicks Off

Flutter Entertainment's valuation doesn't reflect its underlying pace of growth, according to analysts at HSBC. The broker has reiterated its buy rating on the Paddy Power owner and increased its price target to 18,100p from 17,900p.

Flutter worth a punt, growth not reflected in price, says HSBC

-- Global Soccer Icon Carli Lloyd and PGA TOUR's Tom Kim Join RG Team -- Power of FanDuel's Talent Roster, Partnerships and New Creative Efforts Coming Together to Educate Fans on Responsible Play NEW YORK , Sept. 12, 2023 /PRNewswire/ -- September is Responsible Gaming Education Month, and FanDuel, the premier online gaming company in North America, is making major investments in its responsible gaming advocacy efforts with the additions of global soccer icon Carli Lloyd and PGA TOUR rising star Tom Kim who will join FanDuel's RG Ambassador Craig Carton this season.

FanDuel Marks Responsible Gaming Education Month with Major Investment in its Responsible Gaming Ambassador Program

Disney

Kickoff is scheduled for 8:20 p.m. Eastern on Thursday when the Kansas City Chiefs go up against the Detroit Lions.

NFL Games Are Back. These 3 Stocks Could Win Football Season.

Whitbread PLC

Morgan Stanley (NYSE:MS) has highlighted its top picks in the leisure sector following a review of data trends over the Summer. The UK-listed stocks it favours are Whitbread, Flutter, Compass, SSP and Wizz Air.

Whitbread and Flutter the UK leisure standouts - Morgan Stanley

The US sports betting and iGaming market are on track to top US$30 billion yearly revenue for the industry in the coming years, just five years after being stationed by the US Supreme Court. So far, 35 states have regulated some form of sports betting or online gaming activity, most of which is catered for by the 'big three' of sportsbook providers: Draftkings Inc (NASDAQ:DKNG) (Draftkings Inc (NASDAQ:DKNG)); FanDuel, which is owned by Flutter Entertainment PLC (LSE:FLTR); and BetMGM, a joint venture between MGM Resorts International (NSX:MGM) and Entain PLC (LSE:ENT).

DraftKings and Big 3 sports betting rivals 'on track' to double market in next three years

A US inflection point is emerging for Flutter Entertainment PLC (LSE:FLTR) and Entain PLC (LSE:ENT) is one of the key themes emerging from the bookmakers' recent updates. This, said broker Shore Capital, and global regulatory headwinds dissipating will “help shape the investment case” for both stocks over the next 12-18 months.

Flutter Entertainment PLC, Entain PLC nearing 'inflection point' for US sports betting

Flutter Entertainment is a global sports betting and gaming company with a strong presence in the growing US online sports betting and iGaming market. The company's US division has a multi-year growth pathway and is the most important value creation driver for Flutter. In 2023, FanDuel is turning a positive EBITDA. Flutter's solid performance in mature and other markets, along with its diversified business model, contribute to its attractive investment case.

Flutter Entertainment: High-Growth Betting And Gaming Leader Winning In The U.S.

Fears about new market entrants threatening the positions of Entain's BetMGM and Flutter's FanDuel in the US are overdone, according to Citibank. “We've seen heightened media/investor attention on new US Online Gaming players (Fanatics, ESPN Bet) hoping to make a dent in leading operators' market shares this NFL season.

Entain and Flutter US positions secure despite new entrants - broker

FanDuel and YouTube Partner To Bring Fans Access To Every Out-of-Market NFL Sunday Afternoon Game With NFL Sunday Ticket Promotional Offer NEW YORK , Aug. 21, 2023 /PRNewswire/ -- FanDuel, North America's premier online gaming company and an Official Sports Betting Partner of the National Football League (NFL), is joining forces with YouTube to offer FanDuel customers a limited-time promotional offer for one of the League's marquee products, NFL Sunday Ticket on YouTube and YouTube TV. This partnership further demonstrates that FanDuel continues to deliver on its commitment to make all moments in sports matter more.

FanDuel Delivers An Early Win To NFL Fans For Kick Off

Flutter Entertainment, the owner of Paddy Power and Betfair; Entain, which runs Ladbrokes, Coral and Sportingbet; and William Hill owner 888 Holdings are likely to have benefitted from a recovery in UK gambling spend during a wet July, according to Deutsche Bank data.  After the hottest ever June came the sixth wettest July on record, or the third wettest in 80 years.

Flutter, Entain and 888 singing in the rain as UK gambling spend bounces back

Flutter Entertainment plc (OTCPK:PDYPY) Q2 2023 Earnings Call Transcript August 9, 2023 4:30 AM ET Company Participants Peter Jackson - Chief Executive Officer Conference Call Participants Paul Ruddy - Davy Edward Young - Morgan Stanley Clark Lampen - BTIG David Brohan - Goodbody Ryan Sigdahl - Craig-Hallum Daniel Politzer - Wells Fargo Monique Pollard - Citi Alistair Johnson - BNP Pariba Exane James Rowland - Barclays Richard Stuber - Numis Kiranjot Grewal - Bank of America Joseph Stauff - Susquehanna Joseph Thomas - HSBC Operator Good morning, and welcome to the Flutter Entertainment Plc 2023 Interim Results Call. There will be a chance to ask questions later on.

Flutter Entertainment plc (PDYPY) Q2 2023 Earnings Call Transcript

Flutter Entertainment PLC (LSE:FLTR) hailed an “exceptional” performance in the US ahead of plans for a US listing, as it reported a return to profit and a big jump in revenue in the first half. US business FanDuel returned first-half adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of £49 million and Flutter said it expects the secondary listing to happen late in the fourth quarter or early in the first quarter of next year.

Flutter's FanDuel delivers profit ahead of US listing

Flutter Entertainment PLC (LSE:FLTR) hailed an “exceptional” performance in the US ahead of plans for a US listing, as it reported a return to profit and a big jump in revenue in the first half. US business FanDuel returned a first-half adjusted earnings before interest, tax, depreciation and amortization of £49 million and Flutter said it expected the secondary listing to happen late in the fourth quarter or early in the first quarter of next year.

Flutter's US arm delivers profit ahead of plans for US listing

International Game Technology

Las Vegas Sands

Melco Resorts and Entertainment

Online gambling has supercharged the gaming sector. The amount of money bet on sporting events in the U.S. will surge 45% this year to almost $137 billion, research firm Insider Intelligence estimates.

News for Flutter Entertainment PLC Stock (PDYPY)