Flutter Entertainment PLC

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Flutter Entertainment Plc engages in the business of online betting and gaming. It operates through the following segments: UK and Ireland, Australia, International, and US. The UK and Ireland segment includes the operations of Sky Betting and Gaming, Paddy Power, Betfair, and tombola. The Australia segment focuses on sports betting services provided to Australian customers online. The International segment relates to poker, casino, rummy, lottery, and sports betting. The US segment includes sports betting, daily fantasy sports, and gaming services. The company was founded in 1988 and is headquartered in New York, NY.

NEW YORK--(BUSINESS WIRE)--Flutter Entertainment (NYSE:FLUT; LSE:FLTR), the world's leading online sports betting and iGaming operator will host an investor event today, introducing medium-term 2027 guidance and the authorization of an up to $5bn share repurchase program. Flutter holds unparalleled leadership positions in the US and Rest of World (“ROW”)1 through a diversified portfolio of market-leading brands2. These brands enjoy local scale positions and the unique advantages of the Flutter.

Flutter Entertainment Outlines Long-Term Growth Plan and up to $5bn Share Repurchase Program Authorization

Flutter , , the world's largest online betting company, said on Wednesday it expects to more than double its core profit by 2027 and that it had authorised a share buyback of up to $5 billion to be deployed over that period.

Flutter sees profits doubling by 2027, authorises $5 bln share buyback

Strong market share and growing opportunities in online sports betting could push Flutter Entertainment FLUT shares higher, according to Needham analyst Bernie McTernan, who initiated coverage with a Buy rating and a $270 price target

Flutter Analyst Sees 'Significant Earnings Power' With Growing Duopoly, Sports Betting Market Size: 'Add It To The Bet Slip'

SoFi Technologies

Stock Yards Bancorp

SYBT, SOFI and FLUT made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 20, 2024.

Best Momentum Stock to Buy for September 20th

Next week's Flutter Entertainment PLC (LSE:FLTR) investor day comes as the Paddy Power and FanDuel-owner faces a big decision on its capital-allocation policy. Specifically, should the betting powerhouse use its rapidly accelerating US-generated profits to give shareholders a short-term serotonin boost in the form of buybacks, or should it play the long game and pursue more company acquisitions?

Flutter's big decision: Capital returns or more M&A?

Flutter, the parent of FanDuel, is acquiring Italian gaming company Snaitech. It also announced a major deal in Brazil last week, as Flutter looks to a range of international markets for growth.

FanDuel parent Flutter looks for international growth with big acquisitions in Italy, Brazil

FanDuel parent Flutter Entertainment (FLUT) said Tuesday that it has agreed to a deal to acquire Snaitech, one of Italy's largest online gambling platforms.

FanDuel Parent Flutter Expands Footprint With Acquisition of Italy's Snaitech

Free financial counseling expands in Kentucky one year after the launch of mobile sports betting Partnership with leading organization dedicated to providing access to financial education and empowerment aims to help individuals understand how to best manage their personal finances for long-term financial security NEW YORK , Sept. 17, 2024 /PRNewswire/ -- FanDuel, the premier online gaming company in North America, today announced a second $1 million donation to Operation HOPE, the nation's leading non-profit dedicated to financial literacy, to promote financial empowerment and expand access to free financial counseling to residents of Kentucky.

FanDuel Continues Commitment to Financial Literacy with Expansion of Operation HOPE Partnership

Flutter Entertainment PLC (LSE:FLTR)'s €2.3 billion acquisition of Playtech PLC (LSE:PTEC)'s Snaitech gaming business in Italy is around €70 million below Peel Hunt's sum-of-the-parts valuation for the business, the broker has stated. This in turn implies a 5% lower price of Playtech stock than Peel Hunt's 1,000p target price.

Flutter got small bargain in Playtech Italy disposal - analyst

Flutter Entertainment has reached an agreement to acquire Playtech subsidiary Snaitech, in what will see the Irish company become Italy's largest gambling business

FanDuel owner Flutter Entertainment strikes $2.6 billion deal to buy Italy's Snaitech

FanDuel and Paddy Power-owner Flutter Entertainment PLC (LSE:FLTR) has tabled a €2.3 billion (£1.9 billion) offer for Playtech PLC (LSE:PTEC)'s Italian gaming operator Snaitech. The offer follows a confirmation that talks were underway between the two in August.

Paddy Power-owner Flutter to acquire Italian gaming business

Flutter Entertainment said it was buying Italian gambling company Snaitech from Playtech in a cash deal valued at $2.6 billion.

Flutter Buys Playtech's Italian Operation

British gambling technology firm Playtech has agreed to sell its Italian unit Snaitech for 2.3 billion euros ($2.56 billion), including debt, to the world's largest betting company Flutter Entertainment , the companies said on Tuesday.

UK's Playtech to sell Italian unit to Flutter for $2.56 bln

Addition of Snai enhances Flutter's gold medal position in attractive Italian market DUBLIN & TORONTO, ON / ACCESSWIRE / September 17, 2024 / Flutter Entertainment (NYSE:FLUT)(LSE:FLTR) ("Flutter")the world's leading online sports betting and iGaming operatortoday announces that it has agreed to acquire Snaitech S.p.A. ("Snai"), one of Italy's leading omni-channel operators, from a subsidiary of Playtech plc, for cash consideration based on an enterprise value of €2.3b1.

Flutter Entertainment PLC Announces Acquisition of Snaitech

NEW YORK , Sept. 16, 2024 /PRNewswire/ -- FanDuel, North America's premier online gaming company, announced it has appointed Caralyn Cooley as the company's new Chief People Officer (CPO).

FanDuel Appoints Caralyn Cooley as Chief People Officer

Caesars Entertainment

DraftKings

Penn Entertainment

Two U.S. lawmakers have introduced a bill to address sports betting at the federal level. The proposed legislation would focus on affordability, advertising and artificial intelligence.

U.S. lawmakers introduce bill to put regulations on sports betting operators

DUBLIN, IRELAND AND TORONTO, ON / ACCESSWIRE / September 13, 2024 / Flutter Entertainment plc ("Flutter") (NYSE:FLUT)(LSE:FLTR), the leading online sports betting and iGaming operator, today announced that it will host an Investor Day event on Wednesday, September 25, 2024 at 13:00 ET (18:00 BST). This hybrid event will take place at Cipriani, 25 Broadway, New York, and will feature a presentation by management showcasing the future growth potential for the Flutter Group and the capital allocation opportunities that will unlock.

Flutter Entertainment to Host Investor Day

Paddy Power-owner Flutter Entertainment PLC (LSE:FLTR)'s $350 million acquisition of a controlling stake in Brazilian gaming company NSX Group ticks to boxes for brokerage Shore Capital Markets. “We see this as a sensible move, further expanding and accelerating its growth profile, consistent with its expansion profile and medium-term leverage ratios,” said Shore Cap analysts.

Flutter's Brazil acquisition a ‘sensible move'

Paddy Power owner Flutter Entertainment PLC (LSE:FLTR) has acquired a 56% stake in NSX Group, a leading Brazilian betting operator known for its Betnacional brand. The acquisition was valued at approximately $350 million.

Paddy Power-owner Flutter bets on Brazil

Irish betting giant Flutter Entertainment said on Friday it will buy a 56% stake in NSX Group, the operator of Brazilian gaming group Betnacional for about $350 million.

Flutter to buy controlling stake in NSX Group for $350 mln

NEW YORK / ACCESSWIRE / September 13, 2024 / Flutter Entertainment (NYSE:FLUT)(LSE:FLTR) ("Flutter"), the world's leading online sports betting and iGaming operator today announces the acquisition of an initial 56% stake in NSX Group ("NSX"), a leading Brazilian operator of the Betnacional brand for cash consideration of approximately $350m 1 . The transaction fully aligns withFlutter'sstrategy to invest in leadership positions in international markets, securing a podium position for Flutter on completion in the regulating and fast-growing Brazilian market.

Flutter Entertainment PLC Announces Acquisition of NSX Group

Flutter Entertainment PLC (LSE:FLTR) and Deliveroo PLC (LSE:ROO) are first and third among the 'top picks' among European internet stocks for Morgan Stanley (NYSE:MS).  Updating its views across the EU internet sector, the investment bank said it favoured Deliveroo in food delivery after it became profitable and generate free cashflow in the first half of this year.

Flutter and Deliveroo top picks in the European internet stocks for this investment bank

FanDuel Parent Flutter Entertainment is IBD Stock Of The Day, flashing a buy signal as investors cheer the start of the NFL season.

FanDuel Parent, Stock Of The Day, Flashes Buy Point As NFL Kicks Off Season

Flutter: This NFL Season Has Big Gifts For Sports Betting Sites

FanDuel Casino makes one lucky player a millionaire through FanDuel Casino 's $1M Jackpot Summer Sweepstakes. NEW YORK , Sept.

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