Tag Archives: Peter Jackson

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 …

Shareholders of Flutter Entertainment have almost unanimously backed a US listing, with 99.9% of voters backing the idea at the group’s AGM this morning.  The Ireland-based group first aired the idea earlier this year when it held consultations with shareholders and explored the possibility of a secondary listing.  Aiming to support the growth of FanDuel, its US sportsbook brand that …

Flutter Entertainment has confirmed John Bryant as the group’s Chair Designate, with the new board member due to assume full Chair duties in September as the firm eyes US listing. Bryant’s appointment was first reported in UK media earlier this month amid rumours of the FTSE 100 gambling group’s desire to trade on a US stock exchange, with Sky News stating …

Flutter Entertainment’s Board of Directors has notified investors that the FTSE100 business “aims to implement an additional US listing during Q4 2023”.  In February, Flutter’s board revealed that it was reviewing options to proceed with a ‘secondary US listing’ of its ordinary shares. Primary benefits highlighted by Flutter governance included a “deeper access to capital markets and to new US …

Flutter Entertainment has confirmed the financial results outlined in its preliminary report earlier this month, following this up with the setting of new targets for the year ahead. The international operator published its 2022 annual report this morning, confirming group-wide revenue growth of 27% to £7.7bn (2021: £6bn), EBITDA up 4% to £1.04bn (£1bn) with a margin of 14% (16.6% …

Flutter Entertainment Plc has delivered on the objectives of a transformative 2022, maintaining ‘rapid US expansion’ whilst successfully integrating the new assets of Tombola and Sisal to diversify its home and international units. Announcing its full-year 2022 preliminary results, Flutter achieved group revenue results of £7.69bn, up 27% on corresponding FY2021 figures of £6.03bn. The FTSE100 gambling group maintains its …

As authorities work to implement the biggest overhaul of Irish betting regulation in decades, one of the country’s biggest industry stakeholders has outlined his views. Writing for The Irish Times, Flutter Entertainment Chief Executive Peter Jackson welcomed legislative changes, including the introduction of a new regulator – the Gambling Regulatory Authority (GRA).  Pending Dáil Éireann parliamentary approval of the Gambling …

Flutter Entertainment has announced that it has won a New York arbitration against Rupert Murdoch’s FOX Corporation related to the ownership terms and valuation of FanDuel. The FTSE100 gambling group has settled its 18-month legal dispute against the US media network that had initiated an arbitration on the terms of its option to acquire an 18.6% stake in FanDuel and …

The board of Flutter Entertainment has notified investors that Group Chief Financial Officer (CFO) Jonathan Hill will transition to the new role of Group Chief Operations Officer (COO) next year.  Hill, who has served as Group CFO since 2018, will oversee the maximisation of Flutter’s global scale, synergies and strategic direction to benefit the FTSE100 business. Enabling the transition, Flutter …

Flutter Entertainment is highly confident of maintaining and securing leadership positions across several major markets, according to group CEO Peter Jackson in a recent earnings call.  The FTSE100 international betting and gaming firm published its H1 2022 trading update last week – revealing revenue growth of 11% to £3.38bn, albeit with losses of over £112m, including a 4% decline in …