Fluttr Entrtnmnt Stock Price, News & Analysis

The American Gambling Awards has named Amy Howe, FanDuel Group CEO, as the C-Suite Executive of the Year for 2024. Since taking the role in 2021, Howe has driven significant growth and innovation at FanDuel. Under her leadership, the company launched the Women's Leadership Development Program and introduced The Pulse, an innovative real-time betting experience.

FanDuel became the first online sportsbook to achieve EBITDA profitability under Howe's guidance. She has also strengthened partnerships with major leagues like the NFL, NBA, WNBA, and MLB, offering exclusive streaming access to fans. The American Gambling Awards, produced by Gambling.com Group (Nasdaq: GAMB), recognize excellence in the U.S. online gambling industry.

Diamond Sports Group and FanDuel have announced a long-term commercial partnership. Key aspects include:

• Renaming Diamond's 16 regional sports networks (RSNs) and digital offerings as FanDuel Sports Network
• FanDuel gains media placement and integration opportunities across live NBA, NHL, and MLB games
• Exploring a unified direct-to-consumer (DTC) app experience
• FanDuel becomes a reseller for Diamond's DTC product

The partnership aims to enhance fan experience and deepen value for team, league, and distribution partners. Bally Sports RSNs will be officially renamed under the FanDuel Sports Network brand on October 21. Financial details were not disclosed.

FanDuel has been named Online Sportsbook of the Year for the third consecutive time at the 2024 American Gambling Awards, produced by Gambling.com Group (Nasdaq: GAMB). This recognition highlights FanDuel's exceptional customer experience and growth in sports betting.

Key achievements include:

• Introduction of 'The Pulse', a curated experience following major sports storylines, resulting in a 15% increase in live Same Game Parlays
• Strategic partnerships with the NFL and NBA driving significant growth
• A 37% year-over-year increase in new customers through a collaboration with the NFL and YouTube TV
• Best start to the NFL season in 2023, with total handle more than doubling and total bet count increasing by 163.4% year-over-year

FanDuel's continued innovation and partnerships solidify its position as America's #1 Sportsbook.

FanDuel, North America's premier online gaming company and an Official Sports Betting Partner of the NBA, is offering a promotion for the NBA season start. New customers who bet $5 on FanDuel Sportsbook between October 15 and October 28 will receive three months of NBA League Pass and $300 in Bonus Bets if their first bet wins. Existing customers who bet $5 will also get three months of NBA League Pass.

The promotion includes an opt-in viewing experience featuring live FanDuel odds during NBA League Pass games. FanDuel TV's daily NBA show 'Run It Back' returned for its third season on October 14, airing weekdays at 10:00 AM ET on various platforms.

FanDuel, North America's premier online gaming company, has announced a fourth $1 million donation to the United Negro College Fund (UNCF) to support students at 11 historically Black colleges and universities (HBCUs) across North Carolina. The donation, made on September 29 at Bank of America Stadium in Charlotte, will provide direct support through UNCF's Emergency Student Aid program, helping students with technology, housing, food security, tuition, and other education-related expenses.

This contribution follows the launch of mobile sports betting in North Carolina and reaffirms FanDuel's commitment to making a positive impact in communities where it operates. The donation will benefit students at institutions including Barber-Scotia College, Bennett College, Elizabeth City State University, Fayetteville State University, Johnson C. Smith University, Livingstone College, North Carolina A&T State University, North Carolina Central University, St. Augustine's University, Shaw University, and Winston-Salem State University.

IGT has renewed its multi-year retail sports betting agreement with FanDuel, extending their partnership for four additional years starting September 1, 2024. Under this agreement, IGT PlaySports will continue as the exclusive retail sports betting platform provider for FanDuel's retail sportsbooks across North America.

The collaboration between IGT PlaySports and FanDuel began in 2019 when FanDuel opened its first U.S. sportsbook. Currently, IGT PlaySports technology powers 27 FanDuel Sportsbooks across 20 gaming jurisdictions. FanDuel Sportsbooks utilize various IGT PlaySports technologies, including the IGT PlaySports Kiosk and IGT PlaySports Pad.

This renewal underscores the success of their partnership in delivering a top-tier customer experience in retail sports betting operations.

Flutter Entertainment (NYSE:FLUT; LSE:FLTR), the world's leading online sports betting and iGaming operator, has announced its long-term growth plan and a share repurchase program of up to $5 billion. The company outlined its 2027 guidance, projecting Group revenue of approximately $21 billion, representing a three-year CAGR of 14%. Flutter expects to achieve an Adjusted EBITDA of over $5 billion and an Adjusted EBITDA margin expansion of 700 basis points to approximately 25% by 2027.

Key highlights include:

• A 2030 regulated Total Addressable Market of $368 billion
• US existing state revenue CAGR of 15-17%, reaching approximately $9.7 billion by 2027
• ROW revenue forecast of approximately $11.5 billion by 2027
• Free cash flow generation of approximately $2.5 billion in 2027

The company's value-creation model allows for significant capital allocation opportunities, including organic growth, M&A, and shareholder returns.

FanDuel, North America's leading online gaming company, has announced a second $1 million donation to Operation HOPE, expanding their partnership to promote financial literacy in Kentucky. This initiative comes one year after the launch of mobile sports betting in the state and aims to provide free financial counseling to Kentucky residents through Operation HOPE's HOPE Inside program.

The expansion includes access to Financial Wellbeing Coaches offering virtual and in-person sessions to help individuals manage entertainment spending, build savings, improve credit scores, and decrease debt. This move reinforces FanDuel's commitment to responsible gaming practices and community impact. The partnership, which began earlier this year in Massachusetts, will now extend its reach to Kentucky, with promotional content across various media channels to raise awareness about the free financial counseling services available.

Flutter Entertainment (NYSE:FLUT)(LSE:FLTR) has agreed to acquire Snaitech S.p.A. (Snai), a leading Italian omni-channel operator, for €2.3 billion. This acquisition aligns with Flutter's strategy to invest in international market leadership positions. The deal is expected to close by Q2 2025 and be immediately accretive to earnings per share. Snai, the number three online operator in Italy with a 9.9% market share, generated €947 million in regulated revenue and €256 million in Adjusted EBITDA in 2023. The acquisition will give Flutter a ~30% online share in Italy when combined with its existing business. The transaction is expected to deliver operating cost synergies of at least €70 million and additional revenue synergies.