Tag Archives: Peter Jackson

Flutter to shift primary location from LSE to NYSE by end of 2024

SBC News Flutter to shift primary location from LSE to NYSE by end of 2024

Flutter Entertainment Plc will proceed with plans to make the New York Stock Exchange (NYSE) the primary location of its corporate shareholding. This morning, Flutter leadership rang the NYSE trading bell, beginning the firm’s dual-listing on the US exchange, as approved by investors. Flutter shares will be listed on the New York exchange under the ticker symbol FLUT, alongside the …

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Flutter flexes US and UK muscles ahead of NYSE listing

Flutter Entertainment Peter Jackson

Flutter Entertainment Plc has consolidated its leadership positions in the UK and US markets ahead of its NYSE listing date on Monday 29 January. Publishing its pre-close trading statement for 2023 trading, the soon to be FTSE & NYSE gambling group reported Q4 revenue growth of 11% to £2.67bn. On a year-on-year basis, Flutter’s FY2023 revenues stand at £9.51bn, up …

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Flutter keeps faith in global progress against regulatory hurdles

Flutter keeps faith in global progress against regulatory hurdles

Flutter Entertainment leadership remains confident in the group’s Australian prospects despite a slowdown in trading from the country during Q3, as outlined by CEO Peter Jackson and CFO Paul Edgeliffe-Johnson. The leadership duo addressed investors and analysts this morning after the group’s Q3 earnings call, which revealed an overall group-wide revenue increase of 8% to £2bn (Q3 2023: £1.9bn) whilst …

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Flutter Q3 growth stumbles on Australian drags

flutter

Flutter Entertainment Plc has adjusted its 2023 full-year EBITDA guidance due to customer-friendly sports in Europe and Australia. Yet the FTSE100 gambling group maintains its core target of securing ‘structural profits’ for its US FanDuel property. Q3 saw revenue rise across the FTSE100 group’s three core segments of the UK and Ireland, the US and International, with company wide income …

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Flutter takes 51% stake in ‘Serbian Hero’ MaxBet for €140m

SBC News Flutter takes 51% stake in ‘Serbian Hero’ MaxBet for €140m

Flutter Entertainment Plc will take a ‘podium place’ in Serbia having agreed to terms to acquire a 51% stake in MaxBet Kladionica for a cash consideration of €141m (£123m). Announced this morning, Flutter stated that its majority investment in MaxBet advances commercial prospects in the fast-growth Balkans region, in which its ‘International unit’ targets ‘Gold positions’ in the markets of …

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Flutter faces ‘transformation point’ on positive US EBITDA of $100m

Flutter Entertainment Peter Jackson

Flutter Entertainment Plc has reached an “inflection point” for its business, as its US FanDuel division ‘achieves profitability’ to transform its group earnings performance and prospects.  Delivering on a core strategic target, Flutter published its Interim H1 2023 results registering group revenues of £4.8bn, up 42% on 2022 comparatives of £3.38bn. Period trading marked a strong momentum, with average monthly …

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‘High ambitions’ for PokerStars as it joins Portuguese market

SBC News ‘High ambitions’ for PokerStars as it joins Portuguese market

The Portuguese Online Betting and Gambling Association (APAJO) has announced Flutter Entertainment’s PokerStars as its newest affiliate member.  As one of the first brands launching in the Portuguese regulated market, PokerStars joins forces with other sportsbooks within the APAJO such as Betano, Betclic, Bwin, Casino Portugal, ESC Online and Solverde.pt. João Saraiva, Planning and Strategy Manager for Portugal at PokerStars, …

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Flutter finds its ‘global edge’ amid regulatory and business changes

SBC News Flutter finds its ‘global edge’ amid regulatory and business changes

Flutter Entertainment has ‘got its mojo back’ in the UK and Ireland, according to Group CEO Peter Jackson, who addressed investors alongside the firm’s newly appointed Chief Financial Officer (CFO) this morning. Following the group’s Q1 2023 trading update, Jackson, along with Paul Edgecliffe-Johnson, provided a breakdown of the group’s market performance across a range of international jurisdictions. A leading …

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Flutter clears Q1 high-bar on FanDuel growth and Sisal refresh 

Flutter Entertainment Peter Jackson

Flutter Entertainment Plc reports on a very positive opening to 2023 trading, as corporate governance prepares the FTSE100 gambling group for its dual listing in the US to be executed by Q4 2023.  Headline Q1 trading results saw Flutter’s enlarged global brand portfolio service over 12.3m average monthly players (AMPs), as group revenues stood at £2.4bn up 46% on corresponding …

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White Paper: Entain, Flutter, Fitzdares and Health Lottery CEOs respond

White Paper: Entain, Flutter, Fitzdares and Health Lottery respond

The UK’s betting and gaming industry is processing and reacting to the outcomes of the Gambling Act review White Paper, having waited over two years for government judgement on the sector’s regulatory future. Issuing statements in the immediate aftermath of the publication, Entain and Flutter welcomed the White Paper as providing clarity for British betting to move forward. Meanwhile, in …

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