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Flutter Entertainment plc reports developments across its online sports betting and iGaming business, including financial results, management updates, product launches, brand partnerships and responsible gaming initiatives. The company operates a portfolio of wagering and gaming brands that includes FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Sisal, Snai, tombola, Betfair, MaxBet, Junglee Games, Adjarabet and Betnacional.
Recurring news for FLUT centers on FanDuel’s U.S. sportsbook, casino, racing, daily fantasy sports and media operations, as well as group-level results, investor events, governance changes and cross-brand product activity such as PokerStars on FanDuel. Company updates also cover sports partnerships and responsible play programs tied to its regulated gaming markets.
Flutter Entertainment (NYSE:FLUT) has successfully completed two strategic transactions with Boyd Gaming Corporation: the extension of their strategic partnership until 2038 and the acquisition of Boyd's 5% stake in FanDuel Group. The market access savings from this transaction will take effect from July 1, 2025.
This move consolidates Flutter's control over FanDuel, securing complete ownership of the sports betting and iGaming platform.
Boyd Gaming (NYSE: BYD) has successfully completed the sale of its 5% equity stake in FanDuel Group to Flutter Entertainment plc (NYSE: FLUT) for $1.758 billion in cash proceeds.
The Company plans to utilize the proceeds to reduce existing debt while continuing its strategic focus on property investments, growth opportunities, and shareholder capital returns. This transaction marks a significant monetization event for Boyd Gaming as it celebrates its 50th anniversary in 2025, operating 28 gaming properties across 10 states.
PokerGO and PokerStars (NYSE:FLUT) have announced the revival of the National Heads-Up Poker Championship after a decade-long hiatus. The tournament, featuring a $25,000 buy-in, will premiere on Peacock in fall 2025 before streaming on PokerGO and PokerStars platforms.
The championship will maintain its signature single-elimination, bracket-style format and has already confirmed several high-profile participants, including Michael Mizrachi, Jason Koon, Chris Moneymaker, and celebrities like Rob "Boston Rob" Mariano. This marks the first edition under PokerGO's ownership following their acquisition of the brand from NBC Sports.
Flutter Entertainment (NYSE:FLUT) has announced the pricing of additional senior secured notes totaling approximately $1,272 million, comprising three tranches: $625 million at 5.875%, €300 million at 4.000%, and £250 million at 6.125%, all due 2031.
The notes, issued through Flutter Treasury DAC, will be listed on The International Stock Exchange, with settlement expected around August 7, 2025. The proceeds, along with a new U.S. dollar-denominated term loan B facility, will fund the acquisition of the remaining 5% minority stake in FanDuel and extend Flutter's strategic partnership with Boyd Interactive Gaming Holdings.
Flutter Entertainment (NYSE:FLUT) has scheduled its second quarter 2025 financial update and conference call for August 7, 2025. The company will release its Q2 2025 update after market close at 4:05 p.m. EDT, followed by a management conference call at 4:30 p.m. EDT.
The conference call will be accessible via webcast and telephone, with management available for questions. Investors can access materials through Flutter's website, and a replay will be available approximately one hour after the call concludes. Multiple international dial-in numbers are provided for global participation.
[]Flutter Entertainment (NYSE:FLUT) has announced a new debt offering through its subsidiary Flutter Treasury DAC. The company plans to issue additional senior secured notes due 2031 in three currencies: USD (5.875%), EUR (4.000%), and GBP (6.125%), which will supplement the notes previously issued on June 4, 2025.
Together with a new incremental U.S. dollar-denominated term loan B facility, Flutter aims to raise $1,755 million. The proceeds will be used to acquire the remaining 5% minority stake in FanDuel and extend its strategic partnership with Boyd Interactive Gaming Holdings.
Flutter Entertainment (NYSE: FLUT) has announced a significant agreement to acquire Boyd Gaming Corporation's 5% stake in FanDuel for approximately $1.755 billion, increasing Flutter's ownership to 100%. The deal values FanDuel at approximately $31 billion.
The agreement also extends Flutter's strategic partnership with Boyd Gaming through 2038, featuring reduced market access costs in states where Boyd provides FanDuel's market access. This is expected to generate annual savings of $65 million starting July 1, 2025.
FanDuel maintains a dominant market position with 43% market share in sports betting and 27% in iGaming. The transaction will be funded through additional debt financing and is expected to complete in Q3 2025.
Boyd Gaming (NYSE: BYD) has announced the sale of its 5% equity stake in FanDuel Group to Flutter Entertainment for $1.755 billion in cash. The transaction, expected to close in Q3 2025, will be used to reduce debt. Additionally, Boyd and FanDuel have extended their market-access agreements through 2038.
Under the revised agreements, Boyd will receive fixed fees from FanDuel's mobile sports-betting operations in five states and online casino operations in Pennsylvania. The Company's Online segment is projected to generate $50-55 million in operating income and Adjusted EBITDAR for 2025, and approximately $30 million in 2026. FanDuel will continue operating Boyd's retail sportsbooks outside Nevada through mid-2026, after which Boyd will assume these operations.
FanDuel Group (NYSE:FLUT), North America's leading online gaming company, has announced two significant executive appointments to strengthen its public policy expertise. Shailagh Murray joins as Senior Vice President of Public Affairs, bringing White House experience as former Senior Advisor to President Obama. Jonathan Nabavi becomes Vice President of Federal Affairs, leveraging his experience from the NFL and congressional roles.
These strategic hires aim to enhance FanDuel's role in shaping the regulated gaming industry's future, focusing on customer protection and state tax revenue generation. Murray's background includes executive positions at Columbia University and extensive journalism experience, while Nabavi brings expertise in sports betting policy from his NFL tenure.
FanDuel (NYSE:FLUT), North America's premier online gaming company, has launched a new creative platform called "Calling All Thrillionaires" for FanDuel Casino. The campaign, which went live on June 23, 2025, focuses on highlighting the thrilling experience and anticipation of playing on FanDuel Casino, particularly featuring the FanDuel Jackpots experience.
The campaign will be deployed across multiple channels including TV, digital, retail, radio, and OOH, initially targeting key markets in New Jersey, Pennsylvania, and Michigan. Two hero spots will be featured: "Mechanical Bulls" which launched in June, and "Haunted Home" scheduled for September release.
The initiative represents a strategic shift from traditional casino advertising that typically centers on offers, instead emphasizing the entertainment value and excitement of the FanDuel Casino experience. The campaign was developed in partnership with Orchard Creative, marking a new phase in FanDuel Casino's growth strategy.
["Strategic differentiation from competitors by focusing on experience rather than offers", "Multi-channel marketing campaign across major platforms", "Expansion in key markets (New Jersey, Pennsylvania, Michigan)", "Partnership with award-winning creative agency Orchard Creative"]