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.

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Millions of eyes will be glued to televisions over the next two weeks, with the 2024 Summer Olympics kicking off in Paris on July 26.

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Flutter Entertainment , the world's largest online betting firm, said on Monday it has appointed Walt Disney's former finance chief Christine McCarthy to its board of directors.

Online betting firm Flutter taps Disney veteran to join board of directors

NEW YORK--(BUSINESS WIRE)--Flutter Entertainment (“Flutter”) (NYSE: FLUT, LSE: FLTR), the world's leading online sports betting and iGaming operator of brands including FanDuel, announced the appointment of Christine M. McCarthy and Robert R. (“Dob”) Bennett to the Board of Directors, effective July 30, 2024. Ms. McCarthy will sit on the Audit Committee and Mr. Bennett will serve as a member of the Risk and Sustainability Committee. “Christine and Dob's extensive experience in the entertainment.

Flutter Entertainment Announces Two New Appointments to Board of Directors

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PARIS & NEW YORK--(BUSINESS WIRE)-- #Coinvestment--Ardian, a world-leading private investment house, today announces it has raised $3.2 billion for the sixth generation of its global Co-Investment platform, Ardian Co-Investment Fund VI, including Fund commitments and mandates from Ardian Customized Solutions. This represents a 23% increase on funds raised by Ardian's fifth generation Co-Investment Fund, Ardian Co-Investment Fund V, in 2019. The new Fund attracted 188 investors globally, including from Europe,.

Ardian Raises $3.2 Billion for Sixth-Generation Co-Investment Platform

WILMINGTON, Del.--(BUSINESS WIRE)--The volume of new corporate restructuring mandates is set to continue rising over the next two years as distressed companies grapple with geopolitical uncertainty, tightening interest rates, and new regulatory challenges, according to new research commissioned by CSC, the world's leading provider of global business administration and compliance solutions. CSC's study1, Global Restructuring Trends in 2024: Navigating the Opportunities and Challenges, reveals th.

Corporate Restructurings Set to Accelerate Over the Next Two Years

CHICAGO--(BUSINESS WIRE)--Ryan Specialty to Implement Leadership Succession Plan in October 2024.

Ryan Specialty to Implement Leadership Succession Plan in October 2024

Jefferies has reiterated a 'buy' rating on Flutter Entertainment PLC (LSE:FLTR), setting a price target of 22,000p. Despite increased gaming taxes in Illinois potentially impacting earnings, the American investment bank is optimistic about the gaming group's prospects, especially its strong US market presence through FanDuel.

Flutter Entertainment: US investment bank still a fan of FanDuel owner

Valletta, Malta, June 14, 2024 (GLOBE NEWSWIRE) -- Popular iGaming content provider BGaming has entered the Armenian market in partnership with leading online gaming operator Adjarabet.

BGaming Enters Armenia With Flutter-owned Adjarabet

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We are almost halfway through 2024, and the stock market is putting on a masterclass performance. The S&P 500 is up 12% year-to-date after rising 23% last year.

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Sports betting is now legal in 38 states. The most popular sports see the most bets, but the data shows some surprises.

As Legal Sports Betting Turns 6 Years Old, Which Sports Are The Biggest Winners?

Flutter Entertainment has been under pressure following a flurry of negative headlines, but the weakness in the share price is too much suggests JP Morgan which has kept an an upbeat view. Shares in the Fanduel and Betfair owner are down 15% on tax increases, college bets ban, marketing restrictions in the US and some overall weakness within Travel & Leisure.

Flutter remains top gaming pick for JP Morgan

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Flutter Entertainment PLC's (LSE:FLTR) recent share price dip is unjustified, according to analysts at investment bank Berenberg. After hitting a peak of £175 earlier in the year, the price is now £148.40, though the shares are now traded in the US primarily as today completed its move from London to the New York stock exchange.

Flutter has lots of appeal despite shift to US, says Berenberg

DUBLIN, IRELAND / ACCESSWIRE / May 31, 2024 / Flutter's primary listing now on the New York Stock Exchange. Flutter Entertainment plc ("Flutter" or the "Company") (NYSE:FLUT)(LSE:FLTR) announced today that its primary listing is now on the New York Stock Exchange ("NYSE").

Flutter Entertainment PLC Announces Transition to US Primary Listing Complete

Paddy Power owner Flutter Entertainment PLC (LSE:FLTR) has officially switched its primary listing from the London Stock Exchange to the New York Stock Exchange, effective today. It marks an “important milestone in the evolution of Flutter”, said chief executive Peter Jackson.

FanDuel owner Flutter officially shifts listing to US, new finance chief in tow

Flutter , the world's largest online betting firm, named Rob Coldrake as its new group CFO on Friday and said current group finance head Paul Edgecliffe-Johnson would be stepping down from his role as group CFO and executive director.

Online betting firm Flutter names Rob Coldrake as new group CFO

Sports-betting stocks like DraftKings (DKNG) and FanDuel parent Flutter Entertainment (FLUT) are sliding Tuesday following the Illinois Senate passage of a new state budget that includes a new progressive tax rate on such firms.

Sports-Betting Stocks Drop as Illinois Senate Passes Budget Raising Tax Scale

Flutter Entertainment PLC (LSE:FLTR) shareholders were dealt offsuits on Monday when the betting big cap's shares were sent 5% lower in opening exchanges. The Paddy Power and FanDuel owner, which is in the process of switching its primary listing stateside, is responding to a bill passed in the Illinois Senate to impose a 40% maximum tax on betting revenue.

Flutter shareholders dealt a blow following Illinois sports betting bill

DraftKings stock and FanDuel-parent Flutter Entertainment both fell after the Illinois Senate advanced a budget that would more than double online sports betting taxes.

DraftKings, FanDuel Stocks Blitzed By 140%+ Illinois Tax Hike

This new move would make Illinois the second most expensive state for online sports gambling companies to operate in.

DraftKings and FanDuel Stocks Drop on Sports Betting Tax Hike

Shares of DraftKings and FanDuel owner Flutter Entertainment traded lower on Tuesday after the Illinois Senate passed a bill that includes a sports-betting tax hike.

DraftKings and FanDuel parent hit by Illinois sports-tax legislation

Sky Bet owner Flutter Entertainment PLC (LSE:FLTR) has undergone a mixed week following the release of its first-quarter results on Tuesday. Shares initially tumbled 3% after it reported net losses widening to $177 million from $111 million and a 16% revenue lift.

Flutter sales dented by March Madness, says broker

Flutter Entertainment plc (NYSE:FLUT ) Q1 2024 Earnings Conference Call May 14, 2024 6:30 AM ET Company Participants Paul Tymms – Investor Relations Peter Jackson – Chief Executive Officer Paul Edgecliffe-Johnson – Chief Financial Officer Conference Call Participants Ed Young – Morgan Stanley Jordan Bender – Citizens JMP Monique Pollard – Citi Clark Lempen – BTIG Ryan Sigdahl – Craig-Hallum Capital Group Joe Stauff – Susquehanna Robert Fishman – MoffettNathanson Dan Politzer – Wells Fargo Paul Ruddy – Davy Simon Davies – Deutsche Bank Ben Shelley – UBS James Rowland Clark – Barclays Andrew Tam – Redburn Atlantic Joe Thomas – HSBC Operator Good morning, and welcome to the Flutter First Quarter 2024 Earnings Call hosted by CEO, Peter Jackson; and CFO, Paul Edgecliffe-Johnson. Please note, this conference is being recorded and for the duration of the call your lines will be in listen-only.

Flutter Entertainment plc (FLUT) Q1 2024 Earnings Call Transcript

Britain should stop taxing people for trading shares if it wants to help reignite its stock market, the chief executive of Sky Bet owner Flutter Entertainment PLC (LSE:FLTR) said. Peter Jackson, the CEO of Flutter, argued the removal of the 0.5% stamp duty tethered on when buying shares could help the LSE grow, having recently faced an exodus of companies either being taken private or moving countries.

UK should scrap stamp duty for stocks, says Flutter boss

The justification for betting giant Flutter Entertainment PLC (LSE:FLTR)'s primary listing to the US was writ large in today's first-quarter results. US revenues, which largely comprise its subsidiary FanDuel, grew 32% and turned an adjusted profit of $26 million compared to a loss of $53 million in the previous year.

News for Flutter Entertainment PLC Stock (FLUT)