Tag Archives: Flutter Entertainment

Spain suspends lottery ticket sales during COVID-19 lockdown

Spanish state-owned lottery operator Sociedad Estatal Loterías y Apuestas del Estado (SELAE) has issued a country-wide suspension on the sale of tickets across all points of sale and online. The suspension comes after Spain’s prime minister, Pedro Sánchez, said he was imposing drastic measures to fight the coronavirus, including a national lockdown. As of Sunday, the sale of all tickets …

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Stars Group retains Q1 confidence despite COVID-19 impact

The Stars Group said that Q1 2020 trading is currently ‘ahead of expectations’, but the Toronto TSX-listed enterprise anticipates encountering near-term COVID-19 disruptions. Updating investors today, Stars Group explained that it has maintained ‘strong underlying momentum’ within its UK (Sky Bet) and Australia (BetEasy) divisions, which gives it confidence that a sequential improvement in quarter earnings will be delivered. “Overall, …

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COVID-19 disruptions see Flutter revise 2020 guidance

FTSE100-listed Flutter Entertainment has become the first UK betting firm to revise its full-year 2020 corporate guidance. Issuing a market filing, Flutter anticipates that COVID-19 disruptions across core betting territories may result in a £90-110m decline in its group-wide full-year EBITDA results. Flutter governance has predicted that the COVID-19 outbreak will affect operations, as 78% of its group revenues are …

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UK drives Stars Group growth despite international ‘disruptions’

Publishing its results for the fourth quarter and year ended December 31 2019, Toronto TSX-listed The Stars Group Inc has lauded strong growth across its UK division despite international betting revenue falling by 8.3% for the year.  Stars Group revealed that its new UK and Australian divisions delivered growth in the year, which was ‘largely driven by strong underlying trends …

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Flutter and Scientific Games agree to FanDuel US expansion

FanDuel

Scientific Games has expanded its partnership with Flutter Entertainment to provide FanDuel with the technology for online and mobile sports betting in the US market. As first reported on SBC Americas, this expansion – also covering igaming content – means that Scientific Games will serve the fantasy sports operator turned sports betting powerhouse in regulated state markets across the country.  …

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Winning Post: UK gambling faces its inevitable credit clean-up

Industry strategic consultancy Regulus Partners starts of the week by looking at the ban on credit cards for betting activity, and further additions to the safer gambling agenda in the UK. UK: regulation – taking credit? Gambling with credit cards, or through wallets funded directly from credit cards, will be banned in GB from April 2020. The consultation responses largely …

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GVC tops the list of GambleAware donations for Q1-Q3

Recent figures released by industry charity GambleAware have listed GVC Holdings, William Hill and Flutter Entertainment as the top three donors to the charity for the period 1 April 2019 – 31 December 2019. For the first three quarters of the year, the industry charity had received £7.6m in voluntary contributions, however this does not include funds received through regulatory …

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Flutter elevates racing commitment with new commercial rights deal

Flutter Entertainment has significantly elevated its racing offering by announcing a new deal with Arena Racing Company (ARC), The Racing Partnership (TRP) and At The Races (ATR). The lucrative multi-year rights deal will strengthen all elements of Flutter’s global racing business including UK retail and online, as well as its operations in the US and Australia. Peter Jackson, CEO of Flutter …

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UK betting commits to new ‘five core’ safer gambling measures

Chief Executives from a number of UK betting companies have signed up to a new package of safer gambling commitments, which will place a focus on mitigating the associated risks of gambling.  The CEOs from Aspers, bet365, Caesars, Flutter Entertainment, Genting, GVC Holdings, Playtech, Rank Group, Sky Betting & Gaming and William Hill have all committed to the new set …

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City anticipates tough choices in Flutter’s pursuit of Stars

City analysts are pondering how Flutter Entertainment will sooth competition concerns across multiple markets, attached to its bold merger pursuit with digital rival The Stars Group Inc. Since the merger was propositioned on 2 October, Flutter CEO Peter Jackson and corporate governance have emphasised confidence in clearing all regulatory hurdles to deliver a £10 billion online gambling powerhouse. The stakes …

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