Tag Archives: FanDuel

Flutter to shift primary location from LSE to NYSE by end of 2024

SBC News Flutter to shift primary location from LSE to NYSE by end of 2024

Flutter Entertainment Plc will proceed with plans to make the New York Stock Exchange (NYSE) the primary location of its corporate shareholding. This morning, Flutter leadership rang the NYSE trading bell, beginning the firm’s dual-listing on the US exchange, as approved by investors. Flutter shares will be listed on the New York exchange under the ticker symbol FLUT, alongside the …

Read More »

Xtremepush and InclineBet: latest state of play in the dynamic US marketplace

SBC News Xtremepush and InclineBet: latest state of play in the dynamic US marketplace

As more states join the US sports betting and igaming fray, the market dynamics are evolving rapidly. Robbie Sexton, Director of Partnerships & Sports Betting & Gaming at Xtremepush, sat down for an interview with Oren Langburt, VP of Marketing at InclineBet to talk about the current state of play in the US.  XP: Can you give us an overview …

Read More »

Genius lining up BetVision to meet Europe-style US betting behaviour

Genius lining up BetVision to meet Europe-style US betting behaviour

Genius Sports expects US bettor behaviour to develop broadly in line with that of Europe, and is positioning itself as a data leader in the sector through high-profile partnerships and product innovation.  That was the message CEO Mark Locke related to investors following Genius’ latest quarterly earnings update, shortly before the firm announced a new stateside partnership with FanDuel, the …

Read More »

Flutter faces ‘transformation point’ on positive US EBITDA of $100m

Flutter Entertainment Peter Jackson

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 …

Read More »

Flutter cutting stateside weight with FOX Bet closure

FOX Sports

Flutter Entertainment’s joint venture with the FOX Corporation, FOX Bet, will cease operations later this year, according to a statement from the FTSE100 gaming group. A ‘phased closure’ of the online sportsbook will occur between 31 July-31 August 2023. However, FOX will retain a 2.5% stake in Flutter as well as the option to acquire 18.6% of FanDuel, the latter’s …

Read More »

Simply The Best: SBC announce winners for the prestigious SBC Awards North America

Simply The Best: SBC announce winners for the prestigious SBC Awards North America

FanDuel, Sportradar, Better Collective, BetMGM, Desert Diamond Sports and OpenBet were amongst some of the winners last night at this year’s SBC Summit North America Awards which took place at the New York Hilton Midtown. Returning to host the coveted awards ceremony was YES Network Yankees Clubhouse reporter Meredith Maravokitz. The winners of the 30 awards, aimed to celebrate the …

Read More »

Flutter finds its ‘global edge’ amid regulatory and business changes

SBC News Flutter finds its ‘global edge’ amid regulatory and business changes

Flutter Entertainment has ‘got its mojo back’ in the UK and Ireland, according to Group CEO Peter Jackson, who addressed investors alongside the firm’s newly appointed Chief Financial Officer (CFO) this morning. Following the group’s Q1 2023 trading update, Jackson, along with Paul Edgecliffe-Johnson, provided a breakdown of the group’s market performance across a range of international jurisdictions. A leading …

Read More »

Flutter heading stateside as shareholders back listing

Flutter heading stateside as shareholders back listing

Shareholders of Flutter Entertainment have almost unanimously backed a US listing, with 99.9% of voters backing the idea at the group’s AGM this morning.  The Ireland-based group first aired the idea earlier this year when it held consultations with shareholders and explored the possibility of a secondary listing.  Aiming to support the growth of FanDuel, its US sportsbook brand that …

Read More »

Flutter confirms John Bryant to take on Chair duties from September

Flutter John Bryant

Flutter Entertainment has confirmed John Bryant as the group’s Chair Designate, with the new board member due to assume full Chair duties in September as the firm eyes US listing. Bryant’s appointment was first reported in UK media earlier this month amid rumours of the FTSE 100 gambling group’s desire to trade on a US stock exchange, with Sky News stating …

Read More »