Flutter Entertainment Plc has declared corporate losses of $1.21bn after completing a transformative year for its business, which achieved the headline objective of becoming global gambling’s most valued Plc. Publishing its full-year 2023 accounts, the joint FTSE-&-NYSE-listed gambling group reported revenues of $11.7bn, a 24% increase over the FY2022 results of $9.4bn. Headline growth shows Flutter delivering on the goals …
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Flutter top boy trader Joe Lee calls end on 12-year innings
Flutter Entertainment executive Joe Lee has announced that he has ended his “12-year innings” as an employee of the FTSE100 betting group. Lee announced via LinkedIn that he had chosen to step down from his current role as Head of Paddy Power’s UK-&-Ireland unit, a position he had held since 2018, to take on new opportunities. During his 12-year tenure …
Read More »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 …
Read More »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 …
Read More »Martin Stevenson steps up to CEO at RMG
The Racecourse Media Group (RMG) has promoted Martin Stevenson to the position of CEO, with the former Finance Director bringing considerable accounting and media experience to the role. Stevenson joined RMG as Finance Director in 2007, and has since developed ‘deep and intimate knowledge’ of the company’s business and operations. “I am extremely excited and honoured to take up the …
Read More »Entain pursues Tabcorp’s floundering wagering units
Entain Plc has this morning issued a short statement confirming Australian media speculation that it has made a formal approach to acquire Tabcorp Holdings‘ ‘wagering and media’ assets. The FTSE100 betting group said that ‘discussions were at an early stage’ and chose not to disclose any information with regards to its valuation of Tabcorp’s sports betting assets. Entain stated that …
Read More »Sportsbet broadcasts British and Irish racing through SIS and RMG deal
Racecourse Media Group (RMG) and Sports Information Services (SIS) have formalised a multi-year streaming and marketing content arrangement with Sportsbet Australia, allowing the operator to broadcast and take bets on British and Irish racing The deal will see British and Irish thoroughbred racing – which is shown on Tabcorp’s (TAB) SKY Racing network on the TAB app, in venues and …
Read More »Flutter exceeds Q3 expectations with double-digit growth across all brands
Flutter Entertainment Plc has reported a strong Q3 2020 trading update, in which the enlarged FTSE100 operator highlighted a growth in market share across its brand portfolio in addition to merger directives remaining ahead of schedule. Driven by the return of global sports, Flutter secured double-digit growth across all core metrics as group revenues topped £1.32 billion, up 27% on …
Read More »Flutter backs strategy to navigate 2019 complexities
Publishing its full-year 2019 results, the governance of FTSE100 Flutter Entertainment Plc has detailed confidence in the firm’s future growth prospects after closing a year of regulatory adjustments and sustainability challenges. Citing strong international expansions, Flutter achieved record revenues of £2.14 billion, up 14% against corresponding FY2018’s £1.81 billion – a tough comparative period featuring World Cup trading. Flutter governance …
Read More »NZ Racing boosts broadcast coverage with Sportsbet partnership
New Zealand’s ‘Racing Industry Transition Agency (RITA)’, the body charged with overseeing the restructuring of NZ racing, has secured a new deal which sees Flutter Entertainment’s Australian market subsidiary Sportsbet launch live streaming of races driving new audience engagements. The partnerships will see Sportsbet host live streams of NZ thoroughbred and harness racing fixtures, with further coverage of greyhound racing events, …
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