Fox Corporation has launched legal proceedings against Flutter Entertainment in relation to the former exercising its option to acquire an 18.6% stake in the FanDuel sportsbook. Flutter has argued that Fox must conduct the transaction at a ‘fair market price’, whilst the American multimedia corporation maintains that it should pay the same amount Flutter paid in December 2020. Through its …
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Appearing in the debut episode of the SBC Leaders Podcast, a podcast series that gets to know the people driving global gaming’s biggest developments, FanDuel CEO Matt King discussed the operator’s approach to developing sports betting in ‘radically different’ formats. Speaking to SBC’s Global Relationships Director, Kelly Kehn, King outlined how both the sports betting and sports broadcasting markets are …
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Flutter Entertainment has disclosed that it is weighing up options to list a ‘small shareholding’ of FanDuel on a US stock exchange as a means to accelerate its North American market profile. This weekend, the FTSE100 betting group released a statement detailing that it was evaluating its capital structure in order to help the company achieve its long-term growth objectives. …
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Sportradar has completed the acquisition of personalised messaging platform Fresh Eight, whose current operator clients include FanDuel, Entain, William Hill and LeoVegas. The acquisition is a further boost to Sportradar’s suite of marketing services, which already includes ad:s – a platform providing highly targeted programmatic advertising for betting and gaming businesses. Sportradar said that the Fresh Eight deal strengthens its …
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Flutter Entertainment Plc has exceeded 2020 corporate objectives by demonstrating its ‘unparalleled scale and diversification’ after completing the first year of its transformative merger with The Stars Group Inc (TSG). Publishing its 2020 preliminary results, the FTSE100 group doubled its corporate revenues to £4.4 billion (FY2019: £2.1bn) which Flutter stated is a reflection of its successful incorporation of TSG assets …
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US casino giant MGM Resorts International has confirmed that it has proposed a merger with its US sports betting and igaming partner Entain plc, but has refused to say if a firm offer to acquire the company will follow. It has also been confirmed that the offer consists of 0.6 MGM shares for each Entain share, representing a value of …
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The continuation of racing across Australia and the US has come as a welcome relief for Flutter Entertainment, as its retail estate faces a blow from the postponement of global sporting events. Publishing a Q1 trading update for the three months ended 31 March 2020, Flutter reported group-wide year-on-year revenue growth of 16% in Q1, reported at £547 million for …
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Publishing its full-year 2019 results, the governance of FTSE100 Flutter Entertainment Plc has detailed confidence in the firm’s future growth prospects after closing a year of regulatory adjustments and sustainability challenges. Citing strong international expansions, Flutter achieved record revenues of £2.14 billion, up 14% against corresponding FY2018’s £1.81 billion – a tough comparative period featuring World Cup trading. Flutter governance …
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For this month’s Better Collective Spotlight, we take a look at the weather. Yes, you read that right. The weather is one of the ‘nerdy’ aspects of the sports analysis on RotoGrinders.com, which helps its community to identify the right fantasy sports picks and place winning sports bets. RotoGrinders.com is known for presenting a wealth of information to both die-hard and …
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Flutter entertainment US subsidiary FanDuel has become the official fantasy sports partner of XFL American Football’s ‘reinvented league’. The firm and bookmaker joins rivals DraftKings, which was announced as an authorised gaming partner on Wednesday, among a growing portfolio of sponsorships. The XFL is owned by Vince McMahon’s Alpha Entertainment as a competitive rival to the National Football League (NFL). Initially the competition …
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