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 is considering a listing on a U.S. stock exchange following a record Super Bowl for sports betting.

FanDuel parent Flutter considers listing on U.S. exchange after record Super Bowl

The timing could not have been more exquisite. Paul D Tonko, an eight-term member of the US House of Representatives, used Super Bowl day to announce a piece of legislation that could alter the face of sports betting Stateside by proposing a ban on all electronic and online advertising for the past time.

Flutter Entertainment presses ahead with US float despite threat of betting ad ban

FanDuel CEO Amy Howe discusses state of sports betting in 2023 with Forbes senior writer Jabari Young.

FanDuel CEO Amy Howe Talks NFL, Sports Betting, Welcomes Competition From Fanatics

FanDuel's grip on market share leadership will remain and continue even after a possible spin off by Flutter. We're revising our long range sports betting revenue target to $50b by 2026 or before. This would make FanDuel a $15b business.

Flutter Entertainment: This Global Online Betting Leader Has The Top U.S. Share

FanDuel CEO Amy Howe is predicting her company will defend and even widen its share of the online sports betting market in the U.S.

FanDuel to new rivals: Good luck with sports betting − you're going to need it

DraftKings

MGM Resorts

The sports betting industry has grown enormously recently, and with it has come many great investment opportunities, including in stocks. The internet has made it possible to bet on a range of sporting events from around the world, and smart platforms make it possible to gamble on the go.

Top 3: The best sports betting stocks for Q4 2022

Flutter sees revenue at its rapidly growing and market leading U.S. Fanduel business jumping by 4.5 to 5-times over the long term, the world's largest online betting firm said on Wednesday.

Flutter sees five-fold jump in revenue at U.S. Fanduel unit long term

The last half decade has seen astonishing growth for US sportsbooks as America takes the stabilisers off sports gambling US Sports betting has flourished since 2018 when the ‘Bradley Act' that had outlawed most gambling nationwide was repealed. Cut to 2022 and FanDuel and DraftKings are rampant all over the US garnering huge market caps, with growth that doesn't appear to be slowing.

FanDuel and DraftKings' supercharged growth explained

Flutter Entertainment PLC (LSE:FLTR) raised full-year revenue guidance for its fast-growing US operation while overall group profits are seen in line with forecasts with no signs of a slowdown in business. But a £280mln interest cost charge is expected in 2023 reflecting an increase in the cost of debt from 4.1% in quarter four to 5.6% in 2023, the group said.

Flutter Entertainment raises US guidance but expects £280mln charge from rising debt costs

Flutter Entertainment PLC said Wednesday that it was upgrading its 2022 guidance for U.S. revenue after strong growth in the country and that group revenue for the third-quarter rose 22%.

Flutter Entertainment lifts 2022 guidance for U.S. market

Flutter Entertainment has had the value of its US business Fanduel franked by the arbitration win over Fox Business, according to analysts. The Paddy Power and Betfair owner also has a majority stake in US me-too Fanduel, which was valued in the arbitration hearing at US$22bn.

Flutter Entertainment value underlined by Fox ruling, says broker

Flutter Entertainment on Monday said an arbitrator has determined that the value of U.S. sports betting company FanDuel as of Dec. 2020 was $20 billion.

FanDuel now valued at $22 billion for purposes of Fox option, arbitrator rules

Flutter Entertainment PLC (LSE:FLTR) has claimed victory in a long running dispute over Fox Corporation's plans to take a stake in US gaming company FanDuel, in which Flutter has a majority shareholding. The betting company, which owns Paddy Power and Betfair, said a US ruling had valued FanDuel at $20bn as at December 2020 using fair market value,  a price which is subject to a 5% increase up until Fox exercises any option to buy a holding in FanDuel.

Flutter Entertainment claims victory in legal battle with Fox over FanDuel

Twenty-First Century Fox

The decision ends the lawsuit over the valuation of FanDuel, one of the leading U.S. sports betting platforms alongside services from DraftKings, Caesars and MGM.

Fox loses legal battle to buy a stake in FanDuel from parent company Flutter at a lower valuation

The ruling paves the way for Fox Corp. to take a bigger position in the fast-growing sports-betting industry.

Arbitrator Rules on Fox Option to Buy FanDuel Stake

Flutter Entertainment PLC (LSE:FLTR) said Paul Edgecliffe-Johnson, who is currently chief financial officer of Intercontinental Hotels Group PLC (LSE:IHG) (IHG), is joining the sports betting and gaming company as its new CFO in the first half of 2023.

Flutter Entertainment nabs Paul Edgecliffe-Johnson from IHG in CFO reshuffle

Seeking Alpha's Quant Rating System has a hold recommendation for Flutter Entertainment. My takeaway is that it deserves a Buy rating. Flutter's stock has risen recently, but it still has a 1-year price performance of -37.26%. I think it has room for more of a rebound.

Flutter Entertainment: Undervalued Bet On The Sports Betting Industry

Analysts at Citi have cut their earnings per share (EPS) forecasts for UK gaming blue-chips Entain PLC (LSE:ENT) and Flutter Entertainment PLC (LSE:FLTR) in a preview of upcoming third-quarter (3Q22) results from the sector.   The US bank's analysts said while they have left Entain and Flutter's operational forecasts largely unchanged, full-year 2022/23 EPS estimates have been cut by 3% to 12% reflecting rising interest costs, not yet factored into consensus.

Citi cuts EPS forecasts for UK gaming blue-chips Entain and Flutter ahead of third-quarter results

It can be maddening when other people don't see the world the way we do. In the stock market, this kind of misalignment can be a source of great wealth.

Disney's ESPN is aiming for a potential pact with DraftKings. The better bet for investors is FanDuel, which has a few aces in the hole

Flutter Entertainment plc (OTCPK:PDYPY) Q2 2022 Results Conference Call August 12, 2022 4:30 AM ET Company Participants Peter Jackson - CEO Jonathan Hill - CFO Conference Call Participants Michael Mitchell - Davy Ed Young - Morgan Stanley James Rowland Clark - Barclays Kiranjot Grewal - Bank of America Monique Pollard - Citi Joe Stauff - Susquehanna Richard Stuber - Numis Joe Thomas - HSBC Simon Davies - Deutsche Bank Daniel Politzer - Wells Fargo Andrew Tam - Redburn Ivor Jones - Peel Hunt Operator Good morning, and welcome to the Flutter Entertainment half year results update call. Peter Jackson, CEO, who is joined by Jonathan Hill, CFO.

Flutter Entertainment plc (PDYPY) CEO Peter Jackson on Q2 2022 Results - Earnings Call Transcript

Flutter reported heavier losses in the first six months of 2022 as the bookmaker continued to pour money into US operation FanDuel. Excluding FanDuel, underlying profits dropped 11% to £608mlni the half year to the end of June 2022.

Flutter upbeat over FanDuel despite heavy cost

Flutter posted a 20% fall in first-half earnings but expects to finish the year ahead of 2021 excluding an expected final year of losses in its fast growing U.S. business, the world's largest online betting firm said on Friday.

Flutter first-half earnings fall 20%, expects full-year turnaround

What are the odds on the big betting companies, Flutter Entertainment, Entain and 888 Holdings posting results in the coming week that will gee up their abysmal share price performance this year?   Not good, if the recent profit warning from Entain PLC is any indication, as it revealed the industry is being affected as the cost of living crisis puts the squeeze on consumer wallets.

Entain, Flutter and 888 may struggle to tilt the odds as punters feel the squeeze

Penn Entertainment

Sports betting stocks are in focus on Tuesday. That follows reports that Massachusetts is set to legalize sports gambling and online games.

Why Are Sports Betting Stocks DKNG, PDYPY, PENN Up Today?

Flutter Entertainment PLC (LSE:FLTR)'s takeover of Italian retail and online gaming company Sisal may have ‘suboptimal' timing but will bring plenty of benefits, say Deutsche Bank, as it is upgraded to a buy. The £1.6bn deal was initially announced in December and since then the global financial economy has collapsed in the face of inflationary pressures onset by war in Ukraine.

News for Flutter Entertainment PLC Stock (PDYPY)