Fluttr Entrtnmnt Stock Price, News & Analysis

Flutter Entertainment (NYSE:FLUT) has announced the launch of the third tranche of its share buyback program, commencing July 1, 2025. The company will repurchase shares for up to $225 million on the NYSE, with the program ending no later than September 30, 2025.

This buyback is part of Flutter's larger $5 billion multi-year share repurchase program announced in September 2024. The company expects to return approximately $1 billion to shareholders in 2025 through the program. Davy Securities will execute the buyback independently, with the repurchased shares to be cancelled.

Flutter Entertainment has completed its acquisition of Snaitech (Snai), a leading Italian gaming operator, for €2.3 billion. This strategic move positions Flutter as a dominant player in Italy's regulated market, increasing its online market share to approximately 30%.

The acquisition, integrated into Flutter's Southern Europe & Africa division, aims to leverage Snai's strong retail presence and brand recognition in Italy's gaming sector. Flutter expects to achieve operating cost synergies of €70m within three years, plus €10m in capex synergies.

To fund the acquisition, Flutter secured a €2.5 billion senior secured first lien term loan facility, maturing April 29, 2026, with two 6-month extension options. The loan bears interest at EURIBOR plus 1.25% margin. The company plans to use this facility for acquisition costs, debt refinancing, and general corporate purposes.

Flutter Entertainment, a leading online sports betting and iGaming operator listed on the NYSE (FLUT) and LSE (FLTR), has announced an upcoming fireside chat featuring key executives.

The event will showcase:

• CEO Peter Jackson and CFO Rob Coldrake participating in a discussion
• Hosted by Barclays
• Scheduled for May 8, 2025 at 1 p.m. EDT (6 p.m. BST)

Interested parties can register for the live stream through Flutter's investor relations website at www.flutter.com/investors. For those unable to attend the live session, a replay of the webcast will be made available after the event.

Flutter Entertainment (NYSE:FLUT, LSE:FLTR), a leading online sports betting and iGaming operator, has scheduled its first quarter 2025 financial results announcement for May 7, 2025, after market close at 4:05 p.m. EDT (9:05 p.m. BST).

Key Details:

• Earnings materials will be available on www.flutter.com investor section
• Management conference call scheduled for 4:30 p.m. EDT (9:30 p.m. BST)
• Public audio webcast available with registration
• Replay access provided approximately one hour after call conclusion

Conference Call Access Numbers:

• North America: +1 888 500 3691
• United Kingdom: +44 800 358 0970
• Ireland: +353 1800 943926
• Australia: +61 1800 519 630
• International: +1 646 307 1951

Participants should dial in 10 minutes before the call using conference ID 20251.

FanDuel (NYSE: FLUT) has launched FanDuel Casino Jackpots, a new progressive jackpot system, across three states: New Jersey, Michigan, and Pennsylvania. The system allows players to opt in and add $0.10 to each wager for a chance to win Mini, Minor, Major, or Mega Jackpots on eligible casino games.

Since its early 2025 launch, the platform has attracted over 50,000 winners, averaging more than 1,500 winners daily. This development follows FanDuel Casino's acquisition of player engagement specialist BeyondPlay in February 2024, which has enhanced their customer experience with advanced jackpot technology.

FanDuel Group operates as a subsidiary of Flutter Entertainment, maintaining a presence across all 50 states with approximately 17 million customers and 25 retail locations. The company's portfolio includes FanDuel Sportsbook, FanDuel Casino, FanDuel Racing, and FanDuel TV.

FanDuel is set to enhance the 151st Kentucky Derby experience as an official partner of Churchill Downs, offering premier betting options through their #1 sportsbook app. The company provides integrated horse racing and traditional wagering through a single account system.

New customers can benefit from a $500 No Sweat First Bet promotion, while existing customers receive a No Sweat Win Bet on the Kentucky Derby. FanDuel TV will deliver comprehensive Derby Week coverage with expert commentary from renowned racing personalities.

The coverage includes live broadcasts from Churchill Downs, featuring analysis and behind-the-scenes access. Emmy-winning host Kay Adams will broadcast 'Up & Adams' live from Churchill Downs on May 2, from 12:00 – 2:00 PM ET on YouTube. The day concludes with FanDuel's second annual Kentucky Derby Party at Old Forester's Paristown Hall, featuring country star Shaboozey.

Flutter Entertainment (NYSE: FLUT) has received all necessary regulatory approvals to acquire Snaitech S.p.A., a leading Italian omni-channel operator, from Playtech plc. The transaction, valued at €2.3 billion enterprise value, is expected to complete by end of April 2025.

The acquisition strengthens Flutter's position in Italy, Europe's largest regulated market, aligning with the company's strategy to invest in leadership positions in attractive international markets. The deal aims to leverage Flutter's market-leading products and capabilities while creating increased scale to capitalize on growth opportunities.

Flutter will provide additional updates during its first quarter results announcement on May 7, 2025.