Tag Archives: Flutter

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 …

Flutter Entertainment Plc has upgraded its full-year 2022 US revenue guidance to stand at $2.95bn-$3.2bn (£2.45bn–£2.65bn) as its FanDuel continues to outperform corporate expectations. Publishing its Q3 trading statement, Flutter achieved corporate revenues of £1.89bn up 31% on 2021 comparative results of £1.43bn – as the FTSE100 gambling group accounts for +9.5m active monthly players (AMPs) across its global brand …

Flutter Entertainment has notified shareholders that Zillah Byng Thorne has ended her nine-year tenure as a board member of the FTSE100 gambling group.  The CEO of British media and publishing group Future Plc, Byng Thorne will officially resign from Flutter directorship duties on 31 January 2023. Departing Flutter, Byng Thorne has accepted to serve as a Non-Executive Director of NYSE-listed …

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 …

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) …

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 …

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 …

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 …