Tag Archives: Flutter Entertainment

Shareholders of Flutter Entertainment have almost unanimously backed a US listing, with 99.9% of voters backing the idea at the group’s AGM this morning.  The Ireland-based group first aired the idea earlier this year when it held consultations with shareholders and explored the possibility of a secondary listing.  Aiming to support the growth of FanDuel, its US sportsbook brand that …

The coverage and impact of Australian bookmaker campaigns continues to be under the spotlight as part of an ongoing parliamentary inquiry into the industry’s societal impact. In a session beginning on 4 April at 8:30am AEST (10:30pm GMT, 3 April), legislators heard submissions from four operators, two sports leagues, government departments, and two trade associations, including Responsible Wagering Australia (RWA). …

The Public Accounts Committee of Parliament has published 91 individual ‘written evidence’ responses submitted to DCMS in relation to the conduct of the Gambling Review. The responses were published on Tuesday, 21 March, providing diverse and conflicting opinions on the current state of UK gambling and its future regulatory approach.  DCMS launched its ‘committee inquiry’ on 22 December, 2022, “to …

Flutter Entertainment has reported strong trading across its full UK and Ireland brand portfolio from last week’s Cheltenham Festival, particularly bolstered by the unique timing of this year’s racing calendar. The FTSE100 betting and gaming group recorded total stakes of over £250m and 37 million online bets over the four days of the festival across its Paddy Power, Sky Bet …

Flutter Entertainment has confirmed the financial results outlined in its preliminary report earlier this month, following this up with the setting of new targets for the year ahead. The international operator published its 2022 annual report this morning, confirming group-wide revenue growth of 27% to £7.7bn (2021: £6bn), EBITDA up 4% to £1.04bn (£1bn) with a margin of 14% (16.6% …

PA Betting Services (PABS) has extended its partnership with Flutter Entertainment, providing its horse and greyhound racing content services to the firm’s full sportsbook portfolio. The renewal of PABS’ contract with the FTSE100 sports betting and gaming group will see the long-running partnership continue until 2028, supporting the Paddy Power, Sky Bet, Betfair, Sportsbet and Sporting Life brands. Over 50,000 fixtures …

MyRacehorse has appointed former Betfair horse racing principal Will De Nardo as its UK and Ireland Marketing Director and Global Gaming Lead. A US-founded enterprise, MyRacehorse is seeking to strengthen and expand its presence in the established horse racing markets of the UK and Ireland, and De Nardo will leverage his betting industry experience in pursuit of this goal. The …

Sportsbet is expanding the scope of its TikTok marketing campaign in Australia to broaden the gender diversity of its customer base, according to The Guardian. The Flutter Entertainment betting brand, headquartered in Melbourne, entered into an agreement with the Chinese-owned social media platform last year. Marking an exception to TikTok’s rules around gambling promotion, the bookmaker has been allowed to …

The Advertising Standards Authority (ASA) has ruled in favour of Flutter Entertainment’s Paddy Power and Sky Bet sportsbook brands.  In both cases, two complainants argued that two separate adverts involving retired footballers – Peter Crouch with Paddy Power and Micah Richards with Sky Bet – had appeal to under-18 audiences. Reaching out to SBC, Felix Faulkner, Solicitor at Poppleston Allen, …

As authorities work to implement the biggest overhaul of Irish betting regulation in decades, one of the country’s biggest industry stakeholders has outlined his views. Writing for The Irish Times, Flutter Entertainment Chief Executive Peter Jackson welcomed legislative changes, including the introduction of a new regulator – the Gambling Regulatory Authority (GRA).  Pending Dáil Éireann parliamentary approval of the Gambling …