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 …
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Betfair becomes naming partner of Palmeiras’ new podcast
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 …
Read More »Paddy Power Betfair charged £490,000 for self-exclusion marketing
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 …
Read More »Flutter clears Q1 high-bar on FanDuel growth and Sisal refresh
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 …
Read More »Betfair issued £300k penalty for offering bets on Sweden’s U21 league
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 …
Read More »Bookies Corner: Grand National trading trends ahead of ‘the public’s race’
The Grand National – undeniably the biggest betting event of the year for UK and Irish bettors, captivating the interest of both seasoned and casual punters alike, and of course of major significance to the bookmakers. Following hot on the heels of the mixed-results Cheltenham Festival, which saw a combo of bookie-friendly results but also big customer wins, the 2023 …
Read More »Flutter prepares AGM vote on dual US listing
Flutter Entertainment’s Board of Directors has notified investors that the FTSE100 business “aims to implement an additional US listing during Q4 2023”. In February, Flutter’s board revealed that it was reviewing options to proceed with a ‘secondary US listing’ of its ordinary shares. Primary benefits highlighted by Flutter governance included a “deeper access to capital markets and to new US …
Read More »Betfair launches Esport Futuro to strengthen community pledge for Brazil
Betfair has launched ‘Esport Futuro‘ (Future Sports), its first Brazilian social initiative aimed at improving funding and community access to grassroots sports. The commitment has been launched with Betfair pledging to donate over R$630,000 (€120,000) to five sports associations in Brazil in 2023. Esport Futuro is formed in partnership with Global Giving, the international charity partner of Flutter Entertainment, and …
Read More »St Patrick’s Day trading drives £250m Cheltenham turnover for Flutter
Flutter Entertainment has reported strong trading across its full UK and Ireland brand portfolio from last week’s Cheltenham Festival, particularly bolstered by the unique timing of this year’s racing calendar. The FTSE100 betting and gaming group recorded total stakes of over £250m and 37 million online bets over the four days of the festival across its Paddy Power, Sky Bet …
Read More »Flutter maintains growth in tricky 2022 as focus shifts on FanDuel break-away
Flutter Entertainment Plc has delivered on the objectives of a transformative 2022, maintaining ‘rapid US expansion’ whilst successfully integrating the new assets of Tombola and Sisal to diversify its home and international units. Announcing its full-year 2022 preliminary results, Flutter achieved group revenue results of £7.69bn, up 27% on corresponding FY2021 figures of £6.03bn. The FTSE100 gambling group maintains its …
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