Tag Archives: pokerstars

Flutter brands FanDuel its hyper-growth child as costly UK headwinds mount   

Flutter Entertainment Plc has secured a ‘positive start to year trading’ as the FTSE100 betting group expands its recreational player base to ‘+8.8 million active monthly players (AMPS)’ across its global brand portfolio mitigating UK and Euro market headwinds.  Publishing its Q1 trading update (period ending 31 March), Flutter registered group revenues of £1.56 billion, up 6% on comparative Q1 …

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PokerStars launches Exchange to strengthen sportsbook offering

PokerStars has moved to enhance its position in the sports betting market by launching a peer-to-peer online betting exchange. Made available to the Flutter Entertainment brand’s customers today via its .com and .EU domains, the PokerStars Exchange will enable the firm’s customers to buy and sell bets with other punters internationally with access to a range of markets. The online …

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Flutter bears £288m loss as FY2021 stumbles on Stars M&A impairment

Flutter Entertainment Plc maintains confidence in expanding its leadership position across  all global markets, despite declaring full-year operating losses of £288 million.   The FTSE100 betting group detailed that its full year group revenue increased by 37% to £6.04 billion (2020: £4.4bn), although group EBITDA declined by 6% to £723 million from the previous year’s figure of £772 million.  In particular, …

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PokerStars exit signals mass Georgia withdrawal 

PokerStars has notified players and media partners in Georgia, that it will terminate its online gambling services for the CIS nation on 1 March 2022.  The flagship poker subsidiary of Flutter Entertainment, PokerStars has contacted Georgian players informing them to withdraw all account balances by the end of February. In its closing statement, PokerStars outlined that it would honour “customer …

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Nedda Kaltcheva: Pronet Gaming – Strategising success through team & tech-building

Nedda Kaltcheva, Chief Technology Officer at Pronet Gaming, explains why it is as important to cultivate a winning working culture as it is to have state-of-the-art modular platform technology… There are three main areas of importance for any organisation seeking to strengthen its technological foundations: team and culture, architecture, and processes. This is particularly apparent in the fast-growing igaming business, …

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PokerStars launches multi-product offering in Greece

PokerStars has made its multi-product offering  available in Greece under the terms of a full operating licence from the Hellenic Gaming Commission (HGC). The licence, secured in July of last year, enables the Flutter Entertainment firm to operate sports betting and gaming products, launching the PokerStars, PokerStars Sports and PokerStars Casino brands. PokerStars offering will therefore include sports betting wagering, …

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PokerStars bolsters sports marketing via Red Bull Racing linkup

Flutter Entertainment’s igaming brand PokerStars has strengthened its sports-oriented brand recognition by partnering with Red Bull Racing. The collaboration has been initiated ahead of the 2022 Formula One season, and will see the PokerStars’ logo featured on Red Bull Racing’s RB18 racecar and on the team’s race suits. Additionally, the duo have detailed a joint ambition of expanding their respective …

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Flutter eyes Italian podium place with €1.9bn takeover of SISAL

Flutter Entertainment Plc has this morning announced that it has secured definitive terms to acquire Italian gambling group Sisal for a consideration of €1.9 billion (£1.62bn). An agreement has been reached with US private equity fund CVC Capital – the current owner of SIsal – which will see the Italian market leader in online and lottery verticals transferred to Flutter’s …

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English speakers identified as most at-risk problem gambling group by Gambless

Gambless has recorded 3,500 self-assessment tests completed via its mobile app, revealing strong differences in problem gambling across international borders, with English speakers encountering issues much more than other linguistic groups. Publishing its first annual report, the Mindspa-funded and ORCHHA-certified international gambling harm prevention app found that English speakers, mainly from the US, UK, and Australia, recorded a 57% higher …

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Kaltcheva joins Pronet as new CTO to oversee developer expansion

Pronet Gaming has appointed Nedda Kaltcheva as its Chief Technology Officer, with the task of overseeing the expansion of the company’s developers as it seeks to enhance its technological offering.  The new appointee will be primarily based in Pronet’s recently opened office in Sofia, Bulgaria, where Kaltcheva will work to mobilise resources to deliver on the company’s expansion plans and …

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