Flutter Entertainment Plc has adjusted its 2023 full-year EBITDA guidance due to customer-friendly sports in Europe and Australia. Yet the FTSE100 gambling group maintains its core target of securing ‘structural profits’ for its US FanDuel property. Q3 saw revenue rise across the FTSE100 group’s three core segments of the UK and Ireland, the US and International, with company wide income …
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Flutter Entertainment Plc is in the process of announcing its next chairman as the FTSE100 gambling group finalises its path towards a dual US listing. According to Sky News, Flutter has lined up former Kellogg Company President and CEO John Bryant (2011-2017) as the next chairman of the £24bn valued firm. A US retail figurehead and an expert in global …
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Flutter Entertainment has announced its Risk Committee has been reorganised as its Risk and Sustainability Committee, whilst also confirming the appointment of Atif Rafiq as an independent Non-Executive Director of the body. As a member of the Risk and Sustainability Committee, Rafiq will sit among a group of directors responsible for the management of the FTSE100 gambling group’s material risks …
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Former Paddy Power Chief Executive Stewart Kenny and Chairman Fintan Drury have called for changes to oversight of the betting and gaming industry in Ireland, as the country moves forward with legislation to introduce an industry regulator. As reported by The Times, the duo – along with Ian Armitage, the former director of the now Flutter Entertainment-owned bookmaker’s first financial …
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Flutter Entertainment Plc has appointed Greg McCaw as the FTSE100 betting group’s first Group Director of Inclusion and Diversity. McCaw will work alongside Chief People Officer Caroline Ross, Flutter’s Chief in developing and executing the firm’s corporate diversity and employee inclusion directives across all-levels of the business – ‘from intern-to-leadership’. A seasoned executive in HR planning and the delivery of …
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GambleAware has released its donor list for the first three quarters of 2020, with William Hill topping the list, followed by Flutter Entertainment and bet365. Publishing its industry donation figures for 1 April – 30 December 2020, GambleAware revealed that William Hill made a pledge of £1.04 million, with £540,000 donated. Following William Hill was Flutter Entertainment – the holding …
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Marcello Minenna, the new Director-General of Italy’s ADM customs and monopolies agency, has been urged to exclude horseracing and licensed betting exchanges from Italy’s new blanket 0.5% turnover tax increase which will be enforced across all wagering verticals – retail, digital and virtual sports. Italian betting’s latest tax increase was authorised this summer after the Parliament approved a set of …
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Flutter Entertainment has confirmed that former The Stars Group Inc (TSG) Group Chief Executive Rafi Ashkenazi has chosen to end his responsibilities as a non-executive director of the company, effective immediately. The confirmation of Ashkenazi’s departure follows Flutter publishing its 2020 interim statement this morning, in which corporate governance underlined that it would accelerate technology integrations and regulatory alignment with …
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GVC Holdings has completed a further leadership objective having been re-admitted onto the FTSE100 index, bolstering its status as a London blue-chip stock. On Wednesday, the FTSE Russell published its top 100-to-250 index report having reviewed all quarterly trading statements sanctioned by listed companies. The FTSE announced the inclusion of GVC Holdings, AVAST (IT security), Homeserve (emergency repairs) and Kingfisher (home retail) …
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Flutter Entertainment Plc, has seen its total group revenues jump by 9% during Q3, despite its retail division continuing to feel the effects of the changes in fixed odds betting terminals (FOBT) legislation implemented earlier this year. Publishing its interim report for the three months ended 30 September 2019, Flutter Entertainment disclosed a 9% year-on-year decline in retail revenues, down …
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