Tag Archives: Betfair

Flutter Entertainment Plc has reached an “inflection point” for its business, as its US FanDuel division ‘achieves profitability’ to transform its group earnings performance and prospects.  Delivering on a core strategic target, Flutter published its Interim H1 2023 results registering group revenues of £4.8bn, up 42% on 2022 comparatives of £3.38bn. Period trading marked a strong momentum, with average monthly …

The adage of ‘expect the unexpected’ appears to have been forgotten in US politics, with all signs pointing to a repeat of Joe Biden vs. Donald Trump as the contenders for the US 2024 Election.  As it stands, nothing seems capable of derailing this outcome, even as former President Donald Trump faces his third indictment in connection with the events …

No lazy summer for bookmakers, as once again they are tasked with pricing a FIFA World Cup tournament. England travel to Australia and New Zealand as the tournament’s joint-favourites alongside Team USA. Can the Lionesses deliver World Cup glory in what is guaranteed to be the biggest-ever sporting event for women’s sport… __________________ SBC: Following the success of last year’s …

Spillemyndigheden, Denmark’s Gambling Authority, has issued three orders and a reprimand to Betfair International for violations of Denmark’s Anti-Money Laundering (AML) Act. The subsidiary of Flutter Entertainment is believed to have maintained inadequate risk assessment procedures (order A), insufficient business procedures for customer due diligence (order B), and improper internal controls (order C).  Following a review of Betfair’s Danish operations, …

As the dust settles on Manchester City’s historic treble, attention turns to the opening of the Premier League transfer window and speculation is rife as to which players will be switching allegiances for 2023/24. As always, this is a busy time for bookmakers. Whilst some, such as Betway, haven’t offered transfer markets for some time, others offer multiple odds as …

In the wake of former PM Boris Johnson announcing his ministerial resignation, Betfair Politics sees odds shorten further on the Labour Party to secure a majority in the forthcoming general election.  A repricing of all UK political markets comes in the aftermath of Johnson’s resignation as an MP, which has been subsequently followed by a chaotic fallout amid Conservative Party …

Betfair has extended its partnership with Brasileirão Série A club Palmeiras which will now include naming rights of the club’s official podcast – rebranded as Palmeiras Cast by Betfair. The agreement, originally signed in 2022, also includes the training centre for the women’s football team as well as the Allianz Parque on match days for the men’s team – valid …

The licence holder of Paddy Power Betfair has been charged £490,000 by the UK Gambling Commission (UKGC) in the regulator’s second enforcement action of this week. PPB Counterparty Services Limited, which trades as the Paddy Power and Betfair sports betting brands, was the subject of UKGC enforcement for sending promotional push notifications to devices linked with self-excluded customers. Customers either …

Flutter Entertainment Plc reports on a very positive opening to 2023 trading, as corporate governance prepares the FTSE100 gambling group for its dual listing in the US to be executed by Q4 2023.  Headline Q1 trading results saw Flutter’s enlarged global brand portfolio service over 12.3m average monthly players (AMPs), as group revenues stood at £2.4bn up 46% on corresponding …

British gambling company Betfair has received a penalty fee of SEK 4 million (just over £300,000) and a warning for unauthorised betting. On several occasions, the operator has offered betting on the Under-21 14 football league to its Swedish customers, which is not permitted.  This is because, in compliance with regulation SIFS 2020:2, betting on football in the country’s league …