Tag Archives: NYSE

Flutter Entertainment’s end-of-year trading has been offset by a period of “very unfavourable US sports results”, prompting management to revise its guidance for group and FanDuel segments. This morning, the NYSE/LSE gambling group issued a brief notice stating that it had felt the impact of US customers cashing in NFL parlays during November and December. As detailed: “The 2024/2025 NFL …

Super Group (SHGC) has announced a special cash dividend for shareholders after surpassing its 2024 financial targets. The NYSE-listed company raised its full-year revenue guidance to €1.6 billion (from €1.55 billion) and increased its ex-US Adjusted EBITDA guidance to at least €360 million up from €345 million. Earlier in Q3, company leadership had boosted its FY2024 guidance, expressing confidence that …

Genius Sports reaffirms that it will generate positive cash flow in 2024, achieving a corporate objective from its NYSE IPO. The statement follows Genius Sports’ Q3 trading results, which exceeded corporate expectations, with revenues at $120m—18% higher than 2023’s comparative of $101m and above the expected guidance of $119m. Further positives include Q3 net income of $12.5n, along with adjusted …

Genius Sports has confirmed the appointment of Robert J. Bach as an independent director of the NYSE-listed sports data, media, and betting technology group. An expert in innovation and building mass-market technology platforms, Bach is the former President of Microsoft’s Entertainment Division, where he oversaw the Xbox business. He is credited as the first Xbox officer at Microsoft, charged with …

Stormy forecasts continue to besiege the leadership of global gambling PLCs as they navigate arduous journeys towards growth and regulatory resolutions. Perhaps a foreboding of leadership’s current malaise, the morning of Day Two of the SBC Summit was beset by an Atlantic storm over Lisbon, with conditions locals deemed not for the faint-hearted. Rushed to the Summit’s media HQ, Neal …

Flutter Entertainment has declared its medium-term goal to double its corporate earnings to more than $5bn by 2027. The mid-term objective was affirmed to shareholders of the NYSE gambling group on Wednesday afternoon, as corporate governance laid out its strategic vision for sustained growth across existing markets, expansion within new markets and continued growth in the US. FanDuel leads the …

Flutter Entertainment has reached definitive terms with Playtech Plc to acquire Snaitech SPA for €2.3bn, aiming to take the “gold medal podium position” in Italian gambling. This morning, the boards of Flutter and Playtech notified markets that an all-cash offer of €2.3bn had been accepted for Snaitech, the Italian market’s third-largest online gambling operator, with a market share of 9.9%. …

Flutter Entertainment Plc celebrates ‘excellent Q2 trading’, as leadership raises its full-year fiscal guidance for its US business and the wider Group (excluding US) performance. Publishing its Q2 accounts, the NYSE-listed gambling group highlighted that it “outperformed all market consensus”, generating corporate revenues of $3.6bn, up 20% on 2023 comparatives of $3bn. Headline growth was underpinned by Flutter’s portfolio of …

Apollo Global has initiated a blockbuster deal to simultaneously acquire IGT Plc’s Gaming & Digital business alongside Everi Holdings Inc. The US private equity fund has submitted a cash offer of $14.25 per share to Everi shareholders to acquire its combined business with IGT’s Digital and Gaming spin-offs. The offer comes as Everi moves to complete its February transaction to …

  The board of Bally’s Corporation has notified investors that it has reached definitive terms for the NYSE gambling group to be acquired by Standard General LP. As announced, Bally’s board has endorsed an $18.25 cash per share offer proposed by Standard General LP, the New York private equity fund and Bally’s biggest investor, maintaining circa 26% of the firm’s …