Tag Archives: Flutter

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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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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Ireland appoints Anne Marie Caulfield as first gambling officer 

SBC News Ireland appoints Anne Marie Caulfield as first gambling officer 

The government of Ireland has confirmed the appointment of Anne Marie Caulfield as the first Chief Executive of The Gambling Regulatory Authority of Ireland.  A senior civil servant, Caulfield has served as the Director of the Residential Tenancies Board, which oversees standards for Irish home rents and disputes between landlords, tenants and third parties. Her appointment was settled following an …

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XLMedia appoints proven talent Karen Tyrrell as CPO 

SBC News XLMedia appoints proven talent Karen Tyrrell as CPO 

XLMedia Plc has appointed Karen Tyrrell as the company’s new Chief People and Operations Officer, overseeing the culture and talent development resources of the London AIM-listed affiliate media publisher.  Tyrrell joins XLMedia’s executive management team from Flutter Entertainment Plc, where she most recently served as Interim CPO of the FTSE100 global gambling group. A 15-year industry executive, Tyrrell has previously …

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Flutter stands by global recreational focus ahead of H2 turnaround

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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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Flutter funds RGC Canada project to improve North American advertising standards 

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Flutter Entertainment has funded an independent research grant for Canada’s Responsible Gambling Council (RGC) that will provide ‘first-of-a-kind baseline research’ for North American gambling stakeholders on marketing and advertising standards.  The research will be led by RGC’s CABP – Centre for the Advancement of Best Practices (CABP) unit, tasked with examining the current practices, policies, standards and safeguards applied across …

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Flutter completes Sisal takeover to refresh its Euro vision

SBC News Flutter completes Sisal takeover to refresh its Euro vision

Flutter Entertainment Plc has this morning announced that it has completed its acquisition of Italian gambling group Sisal SPA for €1.9 bn (£1.6/$2.2bn).  On 23 December 2021, Flutter declared to markets that it had secured definitive terms with US PE fund CVC Capital Partners to acquire all assets (lottery, online and retail) of the heritage Italian gambling group. The acquisition …

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Flutter appoints Steve Hawkes as Director of UK Public Affairs

SBC News Flutter appoints Steve Hawkes as Director of UK Public Affairs

Flutter Entertainment has announced the appointment of Steve Hawkes as Director of Reputational and Public Affairs for the FTSE100 betting group. A Fleet Street veteran, Hawkes is a former senior reporter covering business and political affairs for The Sun, The Times and The Daily Telegraph newspapers.  Hawkes joins Flutter from leading public affairs agency BCW Global, where he served as …

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Flutter confirms Victor Corcoran exit as Dave Newton steps up as new Paddy Power lead 

SBC News Flutter confirms Victor Corcoran exit as Dave Newton steps up as new Paddy Power lead 

Flutter Entertainment has confirmed the departure of Victor Corcoran as Chief Executive of Paddy Power. Corcoran’s exit from the role comes as Flutter announces internal changes to its UK-&-IRE division, which has seen brand CEOs become Chief Commercial Officers (CCOs).  The CCOs will be charged with overseeing the commercial performance of the FTSE100 firm’s home market brands. Former Retail MD …

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Flutter hails £24m social impact of #ClubsinCrisis fund

SBC News Flutter hails £24m social impact of #ClubsinCrisis fund

Flutter Entertainment has revealed that its #ClubsinCrisis fund has generated £24 million in social/community benefits according to independent research conducted by Newton for a charity partner Made by Sport. The FTSE100 betting group launched its #ClubsinCrisis fund in March 2021, forming its Cash4Clubs partnership with Made by Sport – a UK  charity that champions local sports development as a vital …

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