Tag Archives: Sisal

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 Plc has opened its new ‘Global Capability Centre‘ in Hyderabad, India, to enhance tech and IT support for its global gambling portfolio. Located at RMZ Spire in Knowledge City, this office represents a $3.5 million investment, establishing a new hub of innovation and excellence in Hyderabad. The office covers 80,000 sq. ft across three floors and will employ …

Flutter Entertainment Plc maintains its growth momentum and market share upturn across key territories, ahead of relocating its primary shareholding on the NYSE from May onwards. Publishing its Q1 2024 accounts, Flutter reports group revenues of $3.4bn, up 16% on 2023 comparatives of $2.9bn. Group results detailed that Flutter’s brand portfolio increased its average monthly players to 13.7m during the …

Recognised as the most stable and ever-present business segment in global gambling, 2023 has seen the lottery sector undergo a tectonic shift in its competitive makeup. A playfield reserved for giants has evolved. Across European markets, lottery operators have emerged from a period of profound reflection, prompted by changing consumer demands after two years of pandemic-induced adjustments. Consequently, new perspectives …

Playtech Plc has confirmed news reports that it has entered discussions to acquire SKSMalta, the operating firm of Italian bookmaker PlanetWin365. This afternoon, Sky News reported Playtech and FTSE counterpart Flutter Entertainment as suitors to acquire PlanetWin365 outright. Italy is recognised as a key growth marketplace for both companies that have established their presence in the country via M&A. In …

A map behind the desk of Dan Taylor, details the travels of the Chief Executive of Flutter Entertainment Plc’s International unit. So far in 2023, Taylor has “travelled to 29 countries in six months”, to oversee the progress and expansion of Flutter’s international division (which excludes its brands in the UK, Ireland, US and Australia). “I guess I could start …

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 …

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 …

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 …

Flutter Entertainment has announced that it will unify its Italian gambling operations into the single ‘legal entity’ of Sisal Italia SPA.    The reorganisation will involve the merger of the Italian gambling group’s Superenalotto lottery business with the online gaming subsidiary of Sisal Entertainment. The merger is necessary for Flutter to streamline and strengthen its position within the Italian gambling market …