Tag Archives: pokerstars

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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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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Flutter takes £870m Kentucky ruling to US Supreme Court

Flutter Entertainment has taken its legal contest with the Commonwealth of Kentucky regarding a $870 million ruling against the firm to the US Supreme Court. Describing the ruling as having caused ‘monstrous damages’ against its commercial operations, the FTSE100 company has questioned whether “an award of statutory damages violates due process when it exceeds by a factor of more than …

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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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F1 selects PokerStars as principal betting sponsor

Formula 1 (F1) has announced PokerStars as its new official betting sponsor, following a deal struck between the online poker brand and the racing series’ sponsorship and data rights agency, Interregional Sports Group (ISG). The agreement will see the Flutter Entertainment-owned brand, which operates as part of The Stars Group, feature exclusively across Formula 1 broadcasts until 2023. Additionally, the deal expands the global racing …

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Sky Bet: London competition poses threat to Yorkshire vacancies

Sky Betting and Gaming has revealed that it has more than 300 vacancies available as it prepares to open its new headquarters in Leeds, West Yorkshire, in September. Speaking to the Yorkshire Post, Conor Grant, CEO of Flutter Entertainment’s UK and Ireland divisions, informed the outlet about the multiple vacancies available at Sky Bet, recognised as Yorkshire’s top tech and …

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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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Flutter accelerates global growth profile as US options are weighed up

Flutter Entertainment Plc has cited confidence in delivering on its full-year 2021 financial expectations by continuing to establish its individual brands as outright leaders in each active marketplace. Publishing its Q1 trading update, the FTSE100 gambling group recorded double-digit growth across all core divisions, as its monthly average active customer base increases by 36% to 7.6 million (Q12019: 5.6m). Providing …

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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 loses Kentucky appeal on PokerStars $870m litigation 

The Supreme Court of Kentucky has denied Flutter Entertainment Plc an appeal to rehear the litigation made by the state against its PokerStars subsidiary.    The FTSE100 firm’s request relates to the Kentucky Court of Appeals reversing its judgement on PokerStars owing the Commonwealth of Kentucky $870 million for unlicensed online poker wagers recorded between 2006-to-2011. In 2018, Kentucky judges ruled …

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