Tag Archives: FanDuel

Sportradar upgrades 2022 landing as wagering units outperform all expectations 

Carsten Koerl, Sportradar: the US, media rights and the importance of new data

Sportradar AG has upgraded its full-year 2022 financial outlook, reflecting a consecutive quarter of “exceeded growth outperforming corporate expectations”.  Publishing its Q3 trading update, the Nasdaq sportstech group registered corporate revenues of €179m, up 31% on 2021 comparative results of €137m. Q3’s headline growth accounted for a 28% increase in Rest-of-the-World (excluding US) betting revenues of €101m that outperformed like-for-like …

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Flutter doubles US revenues as Q3 sees home unit return to growth

Flutter Entertainment Peter Jackson

Flutter Entertainment Plc has upgraded its full-year 2022 US revenue guidance to stand at $2.95bn-$3.2bn (£2.45bn–£2.65bn) as its FanDuel continues to outperform corporate expectations. Publishing its Q3 trading statement, Flutter achieved corporate revenues of £1.89bn up 31% on 2021 comparative results of £1.43bn – as the FTSE100 gambling group accounts for +9.5m active monthly players (AMPs) across its global brand …

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Flutter wins FOX dispute on FanDuel’s fair price value

SBC News Flutter wins FOX dispute on FanDuel's fair price value

Flutter Entertainment has announced that it has won a New York arbitration against Rupert Murdoch’s FOX Corporation related to the ownership terms and valuation of FanDuel. The FTSE100 gambling group has settled its 18-month legal dispute against the US media network that had initiated an arbitration on the terms of its option to acquire an 18.6% stake in FanDuel and …

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Sportradar and FanDuel agree new long-term official NBA data partnership

SBC News Sportradar and FanDuel agree new long-term official NBA data partnership

Sportradar and FanDuel Group have confirmed the signing this week of a new official NBA data partnership which will run through to the end of the 2030-31 season. Under terms of the agreement, Sportradar will supply FanDuel with official NBA data and supplementary betting services for its sportsbook platform.  FanDuel has also agreed to extend its original August 2021 main …

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FanDuel co-founders case against Flutter dropped by NY judges  

SBC News FanDuel co-founders case against Flutter dropped by NY judges  

A New York State appeal court has rejected the grounds for former FanDuel co-founders and shareholders to pursue a legal challenge to claim back proceeds from the firm’s sale to Flutter Entertainment in 2018.  The appeal, led by former FanDuel CEO and Co-founder Nigel Eccles, sought compensation from parties involved in the sale of FanDuel to Paddy Power Betfair (PPB) …

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Flutter stands by global recreational focus ahead of H2 turnaround

flutter

Flutter Entertainment has reported difficult first-half trading, as the FTSE100 betting group widened its year-on-year operating losses to £112m (H12021: £86m). Publishing its H1 2022 interim results, Flutter stated that earnings and profit reflected a period of known regulatory and macroeconomic challenges, highlighted by leadership at the start of the year. Period trading saw the group continue to register headline …

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SBC Summit North America Sets New Attendance Record Following a Successful Event

SBC News SBC Summit North America Sets New Attendance Record Following a Successful Event

Organizers of SBC Summit North America are celebrating the biggest and most successful event since it launched in 2019.  This month’s event set a new standard as it returned bigger and stronger, with a record number of delegates and exhibitors gathering at the Meadowlands Exposition Center in New Jersey to meet existing and new clients and exchange ideas with industry …

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Ian Brown to lead Flutter UK&I following Conor Grant exit

SBC News Ian Brown to lead Flutter UK&I following Conor Grant exit

Flutter Entertainment Plc has confirmed the inbound appointment of Ian Brown as new Chief Executive of its UK-&-Ireland business. Brown will take the reins at the FTSE100 betting and gaming group in September, replacing outgoing CEO Conor Grant, who will continue to work with the incoming Chief Executive during the transition phase.  A former CEO of Booking.com’s Trips division and …

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Delasport: sports betting through the ages – part II

SBC News Delasport: sports betting through the ages – part II

Welcome to the second part of Delasport’s deep dive into sports betting through the ages. In part 1, the sports betting and igaming software solutions provider covered the early days from the first bookie to the engagement years of the 2000s. Let’s pick up the story. Customer centricity While the early incarnation of sports betting sites served their purpose, the …

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FanDuel’s Amy Howe to participate in keynote fireside chat at SBC Summit North America

SBC News FanDuel’s Amy Howe to participate in keynote fireside chat at SBC Summit North America

—– Howe to be interviewed by CNBC host Contessa Brewer —- Amy Howe, the CEO of FanDuel, will discuss the current state of play and her vision for the future of mobile gaming during a special keynote session at July’s SBC Summit North America 2022 conference and tradeshow. FanDuel Group is the largest mobile gaming operator in North America across …

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