Tag Archives: Peter Jackson

Flutter moves to strengthen LatAm position via FanDuel

Flutter Entertainment has entered into an agreement with Brazilian multinational mass media corporation Grupo Global, providing the company with daily fantasy sports (DFS) via its FanDuel subsidiary. The multi-year agreement will see Grupo Global’s Cartola FC brand receive DFS services from FanDuel, with the main focus of the deal revolving around the launch of Cartola Express, a paid DFS platform. …

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Flutter turbocharges AUS & US growth as EURO headwinds mount

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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Amy Howe takes leadership of FanDuel as new CEO

Flutter Entertainment Plc has confirmed the promotion of Amy Howe as Chief Executive of its flagship US subsidiary, FanDuel. Having previously served as the Global COO of Ticketmaster, Howe joined FanDuel in February 2021 as President where she was charged with leading the company’s commercial strategy across all core business segments and products. The appointment sees Flutter complete its three-month …

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Flutter matches trading expectations as Jackson ups FanDuel’s US growth projections

Flutter Entertainment Plc has underlined the scale, efficiency and product excellence of its global brand portfolio that has registered a 40% increase in active monthly players (AMPs) to 7.6 million.   Publishing its H1 2021 interim results (period ending 30 June), the firm recorded group pro-forma revenues of £3 billion, up 30% on corresponding H1 2020 results of £2.4 billion.  Headline …

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Flutter forms #TOGETHERFORMISSING partnership with Missing People

Flutter Entertainment Plc has partnered with UK charity Missing People, to raise awareness and support the families of nearly 100,000 adults that were reported missing across the country last year. The FTSE100 betting group has announced that its UK facing brands of Paddy Power, Betfair, Sky Bet and PokerStars will promote its #TOGETHERFORMISSING campaign formed with Missing People. #TOGETHERFORMISSING, was …

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Fox challenges Flutter on FanDuel’s ‘fair market pricing’

Fox Corporation has launched legal proceedings against Flutter Entertainment in relation to the former exercising its option to acquire an 18.6% stake in the FanDuel sportsbook. Flutter has argued that Fox must conduct the transaction at a ‘fair market price’, whilst the American multimedia corporation maintains that it should pay the same amount Flutter paid in December 2020. Through its …

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Flutter mulls FanDuel IPO options against fierce US competition   

Flutter Entertainment has disclosed that it is weighing up options to list a ‘small shareholding’ of FanDuel on a US stock exchange as a means to accelerate its North American market profile. This weekend, the FTSE100 betting group released a statement detailing that it was evaluating its capital structure in order to help the company achieve its long-term growth objectives. …

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Flutter bulks up for global dominance as TSG merger objectives are achieved

Flutter Entertainment Plc has exceeded 2020 corporate objectives by demonstrating its ‘unparalleled scale and diversification’ after completing the first year of its transformative merger with The Stars Group Inc (TSG). Publishing its 2020 preliminary results, the FTSE100 group doubled its corporate revenues to £4.4 billion (FY2019: £2.1bn) which Flutter stated is a reflection of its successful incorporation of TSG assets …

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Flutter makes £4.8m Cash4Clubs donation to aid community sports comeback

Flutter Entertainment has this morning launched its new ‘Cash4Clubs’ campaign, donating £4.8 million to grassroots sports organisations across the UK struggling to survive the impact of the COVID-19 pandemic. The FTSE100 betting group has partnered with ‘Made by Sport’, a charity that champions local sports development as a vital community factor improving social mobility, circumstances and people’s lives. Flutter has …

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Flutter orders full buyout of FanDuel shareholding

Flutter Entertainment has secured its majority shareholding in US wagering subsidiary FanDuel after agreeing to acquire the 37.2% interest held by the ‘Fastball’ consortium for $4.17 billion (£3.1bn).  The transaction will see Flutter increase its majority shareholding in FanDuel from 58% to 95% – as the FTSE100 operator triggers an early buyout clause to increase its interest in its flagship …

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