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.

Paddy Power and FanDuel owner Flutter Entertainment PLC (LSE:FLTR)'s secondary share listing on the London Stock Exchange is well bid this Monday, with the stock adding 1.75% to 16,315p. In a broker note, Jefferies analysts remarked that FanDuel continues to outperform its competitors in the US.

Flutter's FanDuel retains dominant position in US sports betting market

DraftKings

FanDuel vs. DraftKings: The battle of the sports betting giants continues as FanDuel-parent Flutter Entertainment likes its odds.

Ladies And Gentlemen, Place Your Bets: DraftKings Or FanDuel?

Featuring former NBA Star Randy Livingston – who experienced problem gambling - and his wife Anita Smith, the newest members of FanDuel's RG Ambassador Program Program provides educational resources, including a video series on the risks of underage gambling, the importance of proactive, informed conversations and where to seek help or learn more NEW YORK , Sept. 4, 2024 /PRNewswire/ -- September marks Responsible Gaming Education Month, and today FanDuel, the premier online gaming company in North America, announced a new partnership with former NBA player and basketball coach Randy Livingston and his wife, sports agent Anita Smith, to launch "Trusted Voices: Conversations About Betting.

FanDuel Launches "Trusted Voices: Conversations About Betting" Focused on Helping Parents and Families Discuss Gambling

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Grupo Supervielle

FLUT, GCO, OPRA, SUPV and HCA have been added to the Zacks Rank #1 (Strong Buy) List on August 30, 2024.

New Strong Buy Stocks for August 30th

Betfair and FanDuel owner Flutter Entertainment PLC (LSE:FLTR) said it will appeal the $330 million damages that a court in the former Soviet nation of Georgia has awarded against the FTSE 100 bookmaker over a copyright infringement case.  The Court of First Instance ruled against Flutter and its local partner Spribe over a trademark claim filed by Aviator LLC, a former shareholder of the Irish company's Georgian subsidiary Adjarabet.

Flutter hit with $330m copyright infringement in Georgia, plans to appeal

Irish betting giant Flutter Entertainment said on Thursday it plans to appeal a $330 million ruling against itself and partner Spribe in Georgia in a trademark case filed by a former shareholder of its Georgian subsidiary Adjarabet.

Flutter says it will appeal $330 million Georgia ruling

TBILISI, Georgia--(BUSINESS WIRE)--On August 20, the Court of First Instance in the country of Georgia ruled in favor of Aviator LLC's copyright and trademark infringement claim against the gaming company Spribe OÜ and Adjarabet, Georgia's largest online casino which is owned by the UK-based company Flutter Entertainment Plc (NYSE: FLUT) (LON: FLTR). The court ruling found copyright and trademark infringement and invalidated trademark registrations based on bad faith registration and copyright.

Aviator LLC Wins $330 Million Trademark and Copyright Claim against Gaming Operators Spribe OÜ and Adjarabet

A battle between DraftKings Inc DKNG bulls and bears could come down to EBITDA, surcharges and competition, an analyst says after the company and rival Flutter Entertainment FLUT have both now reported second-quarter financial results.

DraftKings Vs. Flutter: Analyst Lays Out Bull Vs. Bear Debate With Sports Betting Market 'Increasingly Functioning As A Duopoly'

The impressive performance from Flutter Entertainment PLC's (LSE:FLTR) fast-growing FanDuel business in the US has led Deutsche Bank to up its share price target for the bookmaker.    First-half results provided a "strong finale" to the sector's recent results season, said analyst Simon Davies, hiking his target to £187.17 from £175.89, versus the last closing price just over £160, and reiterating a 'buy' rating.

Flutter's flying US business leads investment bank to hike target

Flutter reported phenomenal second-quarter earnings this week, wowing investors and sending shares up. But it was the declaration that FanDuel will not add a surcharge to offset an Illinois tax hike that grabbed attention.

DraftKings reverses plans for a tax on customers as FanDuel parent Flutter wows Wall Street

FanDuel owner Flutter Entertainment rallied after earnings results. DraftKings jumped after nixing plans to tax gambling winnings.

FanDuel Parent Spikes On Earnings; DraftKings Scraps Surcharge Plans

Flutter Entertainment (NYSE: FLUT ) stock is on the rise Wednesday after the sports betting and gaming company announced its latest earnings results. The good news for FLUT stock starts with its adjusted earnings per share of $2.61.

Why Is Flutter Entertainment (FLUT) Stock Up 8% Today?

Flutter Entertainment PLC (LSE:FLTR) second quarter to June was consistent with rival Entain in reporting a stronger-than-anticipated performance with full-year guidance nudged up accordingly, notes Shore Capital. Standouts were the US which grew 39%, the UK (+17%) helped by the Euros, International up 17% (strong Italy) with Australia as the weak spot.

Flutter underpinned by US growth potential, says broker

Shares of FanDuel parent Flutter Entertainment (FLUT) surged Wednesday, a day after it reported better-than-expected second-quarter earnings and lifted its full-year revenue outlook.

FanDuel Parent Flutter Stock Surges as Profits Blow Past Estimates

Playtech PLC (LSE:PTEC) has confirmed talks are underway over the sale of its Italian gaming business Snaitech to Betfair owner Flutter Entertainment PLC (LSE:FLTR) for a figure said to be in the region of £2 billion. In its statement, gaming tech business Playtech said it had given Flutter a period of exclusivity to complete due diligence, though there was no certainty a deal would be agreed.

Playtech and Flutter confirm talks over Snaitech as Betfair owner also eyes Brazil deal

Betting firm Flutter Entertainment is in talks to buy Snaitech, one of Italy's largest gambling companies, from UK's Playtech in a deal which could be worth 2 billion pounds ($2.57 billion), Sky News reported on Wednesday.

Flutter in talks to buy Italy's Snaitech for $2.6 bln, Sky News reports

Flutter Entertainment PLC (LSE:FLTR) shot up 12% as its US business FanDuel delivered results well ahead of expectations in its first quarterly update since departing the London Stock Exchange for New York. Concerns about FanDuel's half had followed a disappointing update from rival DraftKings after a run of losing results, but Flutter raised its guidance for the year highlighting its US arm.

Flutter boosted by US growth and 'favourable' Euro results

Flutter Entertainment plc (NYSE:FLUT ) Q2 2024 Earnings Conference Call August 13, 2024 4:30 PM ET Company Participants Paul Tymms - Investor Relations Peter Jackson - Chief Executive Officer Rob Coldrake - Chief Financial Officer Conference Call Participants Clark Lempen - BTIG Jordan Bender - Citizens JMP Ed Young - Morgan Stanley Ryan Sigdahl - Craig-Hallum Capital Group James Rowland Clark - Barclays Dan Politzer - Wells Fargo Paul Ruddy - Davy Joe Stauff - Susquehanna Monique Pollard - Citi Robert Fishman - MoffettNathanson Jed Kelly - Oppenheimer Simon Davies - Deutsche Bank Andrew Tam - Redburn Atlantic Robin Farley - UBS James Wheatcroft - Jefferies Operator Good afternoon and welcome to the Flutter Q2 Results Call hosted by CEO, Peter Jackson; and CFO, Rob Coldrake. There will be a chance to ask questions later, but I will now hand the call over to Paul Tymms, Group Director of Investor Relations.

Flutter Entertainment plc (FLUT) Q2 2024 Earnings Call Transcript

The FanDuel parent's recent move to New York reflects the growing importance of the U.S. market, CEO Peter Jackson said.

Flutter Shares Jump as Sports Gambling Lifts U.S. Earnings

DUBLIN & TORONTO / ACCESSWIRE / August 13, 2024 / Flutter Entertainment (NYSE:FLUT)(LSE:FLTR), the world's leading online sports betting and iGaming operator, announces Q2 2024 results and raises fiscal year 2024 guidance following material Q2 outperformance relative to expectations.

Flutter Entertainment PLC Announces Q2 2024 Financial Results

Flutter raised its full-year guidance after a much better than expected second quarter and said it has no plans "at this stage" to follow rival Draftkings in adding a surcharge to customer's winnings in high-tax U.S. states.

Fanduel owner Flutter raises guidance, no plans for US surcharge

Flutter Entertainment PLC (LSE:FLTR)'s full-year guidance will be in full focus when the betting firm publishes second-quarter results on Tuesday, August 13. According to UBS, “material uncertainty” remains over whether Flutter can stick to guidance for adjusted pre-tax earnings of US$635 million to US$785 million in the US.

Flutter guidance in focus as first results after US move due

MGM Resorts

Over the years, gaming and casino stocks have been under varying degrees of pressure. Some traditional casino stocks have dealt with macro headwinds and increased competition from their digital-only rivals.

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Flutter Entertainment PLC (LSE:FLTR) is on course to post strong first-half numbers believe the analysts at US bank Citi. The Betfair, Paddy Power and FanDuel group should reveal strength across the portfolio, adds Citi, helped by favourable results outside of the US, especially the UK.

Flutter interims to reveal winning streak in first half, says Citi

Flutter Entertainment to Report Second Quarter 2024 Financial Results and Host a Conference Call on August 13, 2024 DUBLIN, IRELAND / ACCESSWIRE / July 30, 2024 / Flutter Entertainment plc ("Flutter") (NYSE:FLUT)(LSE:FLTR), the leading online sports betting and iGaming operator, today announced that it will release its second quarter 2024 financial results after market close on Tuesday, August 13, 2024 at 16:05 ET (21:05 BST). The earnings release and supplementary materials will be available through the "Investors" section of the Flutter website at www.flutter.com.

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