Tag Archives: Flutter

Flutter Entertainment’s Board of Directors has notified investors that the FTSE100 business “aims to implement an additional US listing during Q4 2023”.  In February, Flutter’s board revealed that it was reviewing options to proceed with a ‘secondary US listing’ of its ordinary shares. Primary benefits highlighted by Flutter governance included a “deeper access to capital markets and to new US …

The Securities and Exchange Commission (SEC) has disclosed that Flutter Entertainment has agreed to pay a $4m fine to settle violations of the US Securities Exchange Act. The settlement was disclosed this morning by the SEC, and relates to Exchange Act breaches committed by Flutter’s igaming subsidiary PokerStars business activities within Russia. An investigation by the US financial markets watchdog …

PokerStars will continue to promote its global brand via Formula One, having agreed to extend its sponsorship of the Oracle Red Bull Racing team for the 2023 F1 season.  The sponsorship extension was secured ahead of the start of a new F1 season which began this weekend at the Bahrain Grand Prix won by Oracle Red Bull Racing’s Max Verstappen. …

The board of Flutter Entertainment Plc has this morning announced that it is examining options to pursue a separate US listing for FanDuel.  An FTSE filing revealed that Flutter’s board believes that listing FanDuel on a US exchange will generate “long-term strategic and capital market benefits for company shareholders”. The option comes as FanDuel has established itself as Flutter’s largest …

Flutter Entertainment has appointed EssenceMediacom, the flagship media planning and buying agency of WPP Plc, to manage its entire UK advertising account. The FTSE100 gambling group maintains a prior relationship with Mediacom, the agency that consolidated the Paddy Power and Betfair advertising accounts in 2016 as part of the group’s +£100m post-merger synergies strategy. Subsequent M&As undertaken by Flutter saw …

Racecourse Media Group (RMG) has confirmed the appointment of former Flutter UK-&-Ireland CEO Conor Grant as incoming Chairman. Grant will initially join RMG as a Non-Executive Director from 1 April, with a view to succeed Roger Lewis as Chairman from October 2023. A racehorse owner, Grant is recognised as the ideal candidate to oversee RMG governance and its duties for …

Flutter Entertainment Plc has begun planning for the succession of Gary McGann as Executive Chairman of the FTSE100 gambling group.  This morning, Sky News reported that Flutter governance had begun ‘interviewing candidates’ to “identify a successor to Gary McGann”, who has served as chairman of the company since 2015. City Sources indicate that McGann’s departure will be announced later in …

Flutter Entertainment has reiterated its stance as Europe’s most sustainably focused gambling group, guided by the corporate directives of its ‘Positive Impact Plan’. The FTSE100 firm’s ESG achievements and directives were detailed to Brussels-based trade body, the European Gaming and Betting Association (EGBA), by Sue Albion, Group Director of Sustainability and Regulatory Affairs.   “Built on the strong foundations laid by …

As the 2022 FIFA World Cup gets underway, Flutter Entertainment has confirmed that the Qatar-based competition is set to be the most popular betting event of the calendar year for the group. The sports betting, gaming and entertainment provider’s UK and Ireland brands – Sky Betting & Gaming, Paddy Power and Betfair UK – have predicted over £300m in overall …

Flutter Entertainment has notified that fewer than 200 staff have been made redundant, having completed the restructuring exercise of its UK and Ireland unit. This summer, the FTSE100 gambling group informed investors that it would review its operating structure required to service its home market portfolio of Paddy Power, Betfair and Sky Bet brands. Authorised by group leadership, the restructure …