Flutter Entertainment Plc continues to underline its operating efficiency to help match its global scale demands and strengthen its brand portfolio’s leading position across multiple markets. Posting its Q3 trading update, The FTSE100 betting group registered corporate revenues of £1.43 billion up 9% on corresponding 2020 results of £1.32 billion. Topline growth was attributed to Flutter maintaining a double-digit increase …
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Former Paddy Power Directors call for regulatory changes as Ireland legislates
Former Paddy Power Chief Executive Stewart Kenny and Chairman Fintan Drury have called for changes to oversight of the betting and gaming industry in Ireland, as the country moves forward with legislation to introduce an industry regulator. As reported by The Times, the duo – along with Ian Armitage, the former director of the now Flutter Entertainment-owned bookmaker’s first financial …
Read More »Singular to sign 100% of shares over to Flutter as new journey begins
B2B igaming software developer Singular has confirmed that 100% of its shares will be transferred to Flutter Entertainment, completing its acquisition by the FTSE100 gambling giant. Singular will become a technology asset of Flutter, helping power its tier-1 brand portfolio of Paddy Power, Betfair, Sky Bet and The Stars Group, and further represents the expansion of the gambling group’s operations …
Read More »SBC Leaders: We must not homogenise the Latin American market
Latin America is a region which has caught the attention of many looking to expand their international footprint over the last few years. But when looking at this market, betting operators must be wary of homogenising the region according to Logrand Entertainment COO Lenin Castillo. In the front-cover interview for the latest edition of SBC Leaders magazine, which is available …
Read More »Paddy Power says bye to mischief maker Paul Mallon
Paul Mallon has confirmed his departure as Head of Brand Marketing for Paddy Power, ending his 10-year tenure as an advertising executive of the Irish bookmaker. A key member of Paddy Power’s Mischief Making department, Mallon has joined London advertising agency Lucky Generals, taking on the role of Head of Special Ops. Mallon had formerly served as Paddy Power’s ‘Head …
Read More »Flutter joins EGBA as organisation strengthens sustainability pledge
Flutter Entertainment has become the latest operator to join the European Gaming and Betting Association (EGBA). By joining the Brussels-based trade group, Flutter has reiterated its commitment to industry responsibility and safer gambling across the European betting and gaming sector, with the organisation representing EU licenced and regulated operators. The Dublin-based FTSE 100 company joins a range of prominent betting …
Read More »Flutter sets monthly net deposit limit for under-25s to £500
Flutter Entertainment has announced the reduction of its net deposit limit for all customers under 25 years old – setting the figure at £500 per month. The group’s new policy will be implemented across its UK and Irish Paddy Power, Betfair and Sky Betting & Gaming brands, as part of a general move to ‘further enhance protections for younger customers …
Read More »SBC Leaders membership expands ahead of SBC Summit Barcelona
SBC Leaders has grown to 60 member companies ahead of its biggest meet-up to date, at this month’s SBC Summit Barcelona conference and exhibition. PAF, Apuesta Total, Nederlandse Loterij, Slots Million, Adjarabet, Retabet, BetWarrior, and the Ukrainian Gambling Council are among the new members of the exclusive group for international betting and gaming operators and operator associations. The membership has …
Read More »GambleAware names Entain as top Q1 donor with £2m contribution
GambleAware has published its list of Q1 betting industry donors, revealing that Entain topped its list of contributors with a donation of £2 million. GambleAware currently requests that all licensed operators donate 0.1% of their gross annual gambling yield directly to GambleAware, whilst firms with an annual gross gambling revenue under £250,000 per annum are asked to donate a minimum …
Read More »Former F1 team manager Eddie Jordan to lead $1bn bid for OpenBet
Eddie Jordan, the Irish businessman who made his name in Formula One management and analysis, is leading a $1 billion bid for Scientific Games’ OpenBet sports betting division, according to The Currency. The planned takeover was reportedly confirmed by former Australian Formula One racing driver Mark Webber in an Instagram post, describing the development as ‘a mega acquisition in gaming’. …
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