Welcome to our dedicated page for Fluttr Entrtnmnt news (Ticker: FLUT), a resource for investors and traders seeking the latest updates and insights on Fluttr Entrtnmnt stock.
Flutter Entertainment (FLUT) is a global leader in online sports betting and iGaming, operating renowned brands across 100+ jurisdictions. This page provides centralized access to official press releases and verified news about corporate milestones, regulatory developments, and market strategies.
Investors and industry professionals will find timely updates on earnings reports, strategic partnerships, product launches, and operational expansions. Our curated feed ensures comprehensive coverage of FLUT's initiatives in digital gaming innovation and responsible betting practices.
Key content categories include quarterly financial disclosures, technology advancements through the Flutter Edge platform, market entry announcements, and leadership updates. Bookmark this page for direct access to primary sources about FLUT's global operations in the United States, United Kingdom, Australia, and other key markets.
Flutter Entertainment has announced the acquisition of a 56% stake in NSX Group, a leading Brazilian operator of the Betnacional brand, for approximately $350 million. This strategic move aligns with Flutter's goal to secure leadership positions in international markets, particularly in the fast-growing Brazilian market. NSX, currently the fourth-largest operator in Brazil, is expected to generate revenue of about $256 million and Adjusted EBITDA of $34 million in 2024.
The deal combines NSX with Flutter's existing Betfair Brazil business, creating a strong competitive position in the soon-to-be-regulated Brazilian market. Flutter sees this as a compelling opportunity to drive synergies through its proprietary technologies and expertise, potentially leading to significant market share growth and future profitability.
FanDuel Casino, a subsidiary of Flutter Entertainment plc (NYSE: FLUT), has announced the winner of its $1M Jackpot Summer Sweepstakes. Agostino Limongelli, 62, was crowned the millionaire winner among over 100,000 eligible customers. The promotion, which ran from July 1 to September 1, required players to bet $50+ on selected slot games to earn an entry. Eligible states included New Jersey, Pennsylvania, Michigan, West Virginia, and Connecticut.
FanDuel Group, the premier mobile gaming company in the United States, operates FanDuel Sportsbook, FanDuel Casino, FanDuel Racing, and FanDuel TV. With approximately 17 million customers and 25 retail locations across all 50 states, FanDuel Group continues to expand its presence in the gaming industry.
FanDuel, North America's leading online gaming company, has launched 'Trusted Voices: Conversations About Betting' in partnership with former NBA player Randy Livingston and his wife Anita Smith. This program aims to provide resources for adults to discuss gambling with young people, focusing on risks, warning signs, and support options. The initiative features a video series detailing Livingston's personal struggle with problem gambling and recovery.
Key aspects of the program include:
- Educational resources available at ConversationsAboutBetting.com
- Emphasis on responsible betting and preventing underage access to sports betting platforms
- Collaboration with EPIC Global Solutions for gambling harm prevention
Additionally, FanDuel is expanding its partnership with Kindbridge Behavioral Health nationwide, offering mental health assessments and support services to individuals who self-exclude from the FanDuel platform.
On August 20, 2024, the Court of First Instance in Georgia ruled in favor of Aviator in a copyright and trademark infringement case against Spribe OÜ and Adjarabet, owned by Flutter Entertainment Plc (NYSE: FLUT). The court awarded Aviator $330 million in damages, invalidated Spribe OÜ's trademark registrations, and ordered Adjarabet to cease using the 'Aviator' name for its flagship game.
The lawsuit claimed that Spribe OÜ registered 'Aviator' trademarks in bad faith and infringed on Aviator 's copyright. The court agreed, invalidating Spribe OÜ's registrations and ruling against Adjarabet for illegal use of the Aviator brand and image.
Flutter Entertainment plc (NYSE:FLUT)(LSE:FLTR), a leading online sports betting and iGaming operator, has announced the release date for its second quarter 2024 financial results. The company will publish its earnings report on August 13, 2024, after market close at 16:05 ET (21:05 BST). Following the release, Flutter management will host a conference call at 16:30 ET (21:30 BST) to review the results and answer questions.
Investors and analysts can access the call via webcast or telephone. A public audio webcast will be available through registration or via the company's website. For those unable to attend live, a replay will be provided approximately one hour after the call concludes. Participants wishing to join the live conference call should dial in using the provided numbers and conference ID 20251.
Flutter Entertainment (NYSE: FLUT, LSE: FLTR), the global leader in online sports betting and iGaming, has announced the appointment of Christine M. McCarthy and Robert R. Bennett to its Board of Directors, effective July 30, 2024. McCarthy, formerly a top executive at The Walt Disney Company, will join the Audit Committee, while Bennett, with a background in media and investment, will serve on the Risk and Sustainability Committee. These appointments are expected to bring valuable entertainment industry insights to Flutter, enhancing its market position.
Flutter Entertainment PLC (NYSE:FLUT) has completed the transition of its primary listing to the New York Stock Exchange (NYSE) as of May 31, 2024.
The company's shares remain eligible for trading on the London Stock Exchange (LSE) under the Standard Listing segment. This transition follows shareholder approval at the Annual General Meeting on May 1, 2024.
CEO Peter Jackson highlighted that the move, along with the recent relocation of operational headquarters to New York, underscores the growing importance of the US sports betting and iGaming market for Flutter. FanDuel, a Flutter brand, is the leading operator in the US market.
Flutter Entertainment (NYSE: FLUT) reported its Q1 2024 financial results, showing significant growth in revenue and adjusted EBITDA, despite a rise in net loss. Key highlights include a revenue increase of 16% to $3.4 billion, adjusted EBITDA up by 46% to $514 million, and average monthly players (AMPs) rising by 11% to 13,722.
However, the net loss widened by 59% to $177 million primarily due to non-cash charges. FanDuel continued to lead the US market in sports betting and iGaming, with a 32% revenue increase in the US. Ex-US, the acquisition of MaxBet bolstered revenue. Despite unfavorable sports results, Flutter remains confident in its 2024 financial guidance.
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