Tag Archives: Peter Jackson

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 …

Flutter Entertainment has deemed Q3 trading as exceptional. Delivering market updates; the firm’s CEO Peter Jackson and CFO Rob Coldrake provided a closer examination of key developments across core markets for Q4 and beyond. UK growth can never be underestimated The UK continues on a period of regulatory transformation, however, whilst there was turbulence for many, Flutter was immensely pleased with the success of …

Flutter Entertainment has raised its 2024 guidance by 1%, despite notifying markets of unfavourable Q4 sports results impacting its US FanDuel business. The NYSE-LSE gambling group published its Q3 accounts, describing it as an ‘excellent period’ in which Flutter brands achieved a 16% increase in Average Monthly Players (AMPs) to 12.9m and corporate revenues of $3.2bn—up 27% from 2023 comparatives …

Peter Jackson, CEO of Flutter Entertainment Plc has warned the UK government that increasing taxes on online gambling  will harm smaller operators and push consumers toward the black market. In an interview with the Financial Times, Jackson emphasised that higher taxes, which many states are considering, will inevitably lead to rising costs and a growing black market. Jackson participated in …

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 has acquired a 56% stake in NSX Group, the operating firm of the Betnacional brand in Brazil. The NYSE and LSE gambling group put forward a cash consideration of approximately $350m to acquire its majority stake in NSX. The deal is viewed as the platform to launch the ‘Flutter Brazil’ business, that will be formed by the brands …

Playtech Plc has confirmed that it is in discussions with Flutter Entertainment Plc regarding the ‘potential sale’ of its Snaitech Italia business. The FTSE250 technology group issued a short statement in response to media speculation on the potential sale of its Italian business to the NYSE-listed gambling group Flutter. The statement confirmed that discussions are ongoing “regarding the potential sale …

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 …

Flutter Entertainment Plc has put out an update announcing that its primary listing is now on the New York Stock Exchange (NYSE).  The listing follows the transfer of the company’s listing category from “Premium Listing”, or a commercial company, to “Standard Listing”, or shares, on the official list of the UK’s Financial Conduct Authority (FCA).  On the development, Peter Jackson, …