Tag Archives: FOX

Flutter Q1 growth dragged by costly Fox option liability 

SBC News Flutter Q1 growth dragged by costly Fox option liability 

Flutter Entertainment Plc maintains its growth momentum and market share upturn across key territories, ahead of relocating its primary shareholding on the NYSE from May onwards. Publishing its Q1 2024 accounts, Flutter reports group revenues of $3.4bn, up 16% on 2023 comparatives of $2.9bn. Group results detailed that Flutter’s brand portfolio increased its average monthly players to 13.7m during the …

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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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Paddy Power’s ASX secures €500,000 in crowdfunding

SBC News Paddy Power’s ASX secures €500,000 in crowdfunding

Paddy Power, the son of the owner of the bookmaker-of-the-same-name David Power, has raised over €500,000 in crowdfunding for his American SportZ Exchange (ASX) sports trading platform. The ASX project was founded in 2019 whilst a beta version was launched in 2020, and will function as a ‘stock market’ for sports, combining fantasy sports and financial markets, enabling fans to …

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Paddy Power targets US market with ASX trading platform plans

SBC News Paddy Power targets US market with ASX trading platform plans

Paddy Power, the son of David Power, founder of the eponymous Irish bookmaker, has announced plans to launch a ‘sports trading’ platform, American SportZ Exchange (ASX), according to the Irish Independent. ASX will operate from Ireland but target the burgeoning US sports betting market, and will be initially financially supported as a startup via a €500,000 crowdfunding campaign using the …

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ESI Digital Summit: Esports targets place at broadcasting’s top table

SBC News ESI Digital Summit: Esports targets place at broadcasting’s top table

As esports continues to engage new audiences, traditional broadcasters such as FOX and BT Sport have begun to optimise competitive gaming events such as Virtual F1 and eNASCAR in order to diversify their content.   Allan Hvid, Head of Esports and Football for TV 2 in Denmark, spoke at ESI’s Digital Summit, highlighting new dynamics between esports and traditional broadcasters in securing …

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Rafi Ashkenazi – Bold FOX JV is the ideal platform for US domination

SBC News Rafi Ashkenazi – Bold FOX JV is the ideal platform for US domination

Hosting a special conference call, Rafi Ashkenazi Chief Executive of The Stars Group Inc, has detailed further insights and arrangements related to the firm’s announced joint venture ‘FOX Bet’, partnering with US national broadcaster FOX. Securing a 25-year commercial agreement, the Stars Group will act as lead sports betting and igaming services provider for the FOX Corporation. “This partnership gives …

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High Stakes… World awaits Rupert Murdoch’s move on coveted Fox

SBC News High Stakes… World awaits Rupert Murdoch’s move on coveted Fox

Speculation and rumour are rife in the world of media and entertainment, as Rupert Murdoch controls the destiny of warring US giants Comcast and Walt Disney Co. Last week UK Culture Secretary Matt Hancock delivered the UK government’s long-awaited verdict to allow Murdoch’s 21st Century Fox to acquire European digital broadcaster Sky Plc for £12 billion. Hancock and DCMS have …

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Fox’s $200 million World Cup gamble

SBC News Fox's $200 million World Cup gamble

Tuesday’s dismal defeat at the hands of Trinidad and Tobago, meant that the United States Men’s National Team failed to qualify for the World Cup for the first time since 1986. Whilst the poor performances of Bruce Arena’s side will have caused widespread disappointment amongst US Soccer fans, the devastation will be elevated for executives at 21st Century Fox, who …

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