Tag Archives: FanDuel

Flutter’s new single-tech platform strategy puts over 200 jobs at risk

Huge Flutter sign on building

More than 200 jobs have become at threat at Flutter Entertainment, owner of well-known Irish betting brand Paddy Power. The move would come as part of a broader strategy to bring its brands on to a single tech platform, although it has not yet been confirmed whereabouts in Britain and Ireland the redundancies will directly impact. The Racing Post has …

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Flutter has not dropped the ball on global markets despite US dominance

An image of the globe summarising Flutter's global leadership status

Flutter Entertainment’s Q1 trading report cemented the US as the primary focus market, and with good reason given the huge revenues the group is generating from the world’s largest economy. This was made more apparent in a letter to shareholders signed off by Peter Jackson, the NYSE gambling group’s CEO, which focused heavily on US developments and the upgrades being …

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Flutter banks $162m profits as giant tightens grip on market shares

SBC News Flutter banks $162m profits as giant tightens grip on market shares

Flutter Entertainment has underscored its strategic execution to achieve “unparalleled global scale,” strengthening its position as gambling’s most valuable plc. The NYSE- and LSE-listed gambling group maintains a stronghold in the US while increasing its market share in the UK and Ireland, Italy, Turkey, India, and Brazil. Publishing its Q4 and FY2024 results, Flutter achieved its objective of a major …

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Flutter and FanDuel open $250k LA fires charity fund

SBC News Flutter and FanDuel open $250k LA fires charity fund

Flutter has joined in on the support efforts to aid Los Angeles towards recovery after devastating fires ravaged through the City of Angels.  Through its biggest brand and US-facing online sports betting platform, FanDuel, Flutter will set aside $250,000 as a donation package for non-profit charity Americares and the LA Fire Department Foundation.  The money will serve as a wildfire …

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FanDuel and EuroLeague bring Europe basketball’s finest to US eyes

SBC News FanDuel and EuroLeague bring Europe basketball’s finest to US eyes

US-based online gambling firm FanDuel has teamed up with Euroleague Basketball in a broadcasting agreement spanning across the 2024/25 season.  Under the contract, FanDuel will utilise its TV channel alongside its OTT platform FanDuel TV+ to exclusively broadcast to US audiences one game from every Turkish Airlines EuroLeague Regular Season round. By doing so, the gambling company will be able …

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Flutter triples Q2 net profits on disciplined US and UK growth

Flutter sign

Flutter Entertainment Plc celebrates ‘excellent Q2 trading’, as leadership raises its full-year fiscal guidance for its US business and the wider Group (excluding US) performance. Publishing its Q2 accounts, the NYSE-listed gambling group highlighted that it “outperformed all market consensus”, generating corporate revenues of $3.6bn, up 20% on 2023 comparatives of $3bn. Headline growth was underpinned by Flutter’s portfolio of …

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Flutter Q1 growth dragged by costly Fox option liability 

SBC News Flutter Q1 growth dragged by costly Fox option liability 

Flutter Entertainment Plc maintains its growth momentum and market share upturn across key territories, ahead of relocating its primary shareholding on the NYSE from May onwards. Publishing its Q1 2024 accounts, Flutter reports group revenues of $3.4bn, up 16% on 2023 comparatives of $2.9bn. Group results detailed that Flutter’s brand portfolio increased its average monthly players to 13.7m during the …

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SBC Leaders Magazine: Lessons from FanDuel’s rise to the top

SBC Leaders Magazine Issue 30

How to lead a company from an unpromising situation to market leadership is a secret most betting and gaming industry executives would love to learn. In Issue 30 of SBC Leaders magazine, FanDuel President Christian Genetski gives readers the inside track on how he and his colleagues managed to do just that. In a revealing interview to mark Genetski’s imminent …

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Flutter counts $1.2bn loss completing its 2023 transformation 

Flutter sign

Flutter Entertainment Plc has declared corporate losses of $1.21bn after completing a transformative year for its business, which achieved the headline objective of becoming global gambling’s most valued Plc.  Publishing its full-year 2023 accounts, the joint FTSE-&-NYSE-listed gambling group reported revenues of $11.7bn, a 24% increase over the FY2022 results of $9.4bn.  Headline growth shows Flutter delivering on the goals …

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Genius Sports beats FY2023 targets as 2024 focus turns to profitability

SBC News Genius Sports beats FY2023 targets as 2024 focus turns to profitability

Genius Sports Inc celebrates its eighth consecutive quarter of growth, as its yearly revenue and earnings results surpass market expectations. In its full-year 2023 report released today, Genius Sports announces corporate revenues of $412m, marking a 21% increase from FY2022’s comparative results of $341m. The growth in headline revenues exceeds the NYSE betting technology, media, and data group’s expected revenue …

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