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 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.
FanDuel Casino has announced a one-day sponsorship of free tolls and rides on December 18th, 2024, across multiple transportation systems in New Jersey and Pennsylvania. The initiative includes the Atlantic City Expressway Pleasantville Toll Plaza (12 am-11:59 pm ET), PATH commuter rail system (8:00 pm-11:00 pm ET), and SEPTA Broad Street Line (6:00 pm-12:00 am ET).
The promotion is part of FanDuel's casino brand campaign and is available to all travelers, regardless of whether they are FanDuel customers. FanDuel Casino, available in New Jersey, Pennsylvania, Michigan, Connecticut, and West Virginia, offers mobile gaming including slots, blackjack, table games, baccarat, and live dealer casino games to customers aged 21 and above.
The PokerStars Women's Winter Festival has made history as the largest women's poker event outside Las Vegas, with 271 female players participating in the $400 buy-in Main Event at London's Hippodrome Casino. The event featured a £100,000 guaranteed prize pool, with Maria Lampropulos winning £20,000 and the PokerStars trophy.
The festival included PokerStars' first Women's High Roller event and a unique 50/50 event with equal male and female participation. With women typically comprising only 3% of tournament fields, the festival aimed to increase female participation in poker through a supportive environment, featuring poker bootcamps and tutorials from November 21-24.
Flutter Entertainment has announced the launch of its first share repurchase tranche of up to $350 million on the NYSE, starting November 14, 2024, and ending March 31, 2025. This represents the initial phase of a larger $5 billion share buyback program authorized in September 2024. Goldman Sachs will independently execute the buyback, with a maximum limit of 17,739,905 ordinary shares. The program aims to reduce Flutter's share capital, with all repurchased shares to be cancelled. Future buyback decisions will depend on capital requirements and market conditions.
Flutter Entertainment reported strong Q3 2024 results with revenue up 27% to $3.25B and average monthly players increasing 16% to 12.92M. Despite overall growth, the company posted a net loss of $114M, though this marked a 56% improvement from the previous year's loss. Adjusted EBITDA grew 74% to $450M with margin expansion of 380bps to 13.9%. The US segment showed particularly strong performance with 51% revenue growth and 28% player growth. The company announced a $5B share repurchase program over 3-4 years, with the first $350M tranche starting November 14, 2024. Management raised FY2024 guidance slightly, projecting 22% revenue growth and 35% Adjusted EBITDA growth.
Flutter Entertainment (NYSE:FLUT)(LSE:FLTR), a leading online sports betting and iGaming operator, has scheduled its Q3 2024 financial results release for November 12, 2024, after market close at 4:05 p.m. ET. Management will host a conference call at 4:30 p.m. ET the same day to discuss results and take questions. The earnings release and supplementary materials will be accessible through Flutter's website. A public audio webcast will be available with replay options, and analysts can participate via dedicated dial-in numbers using conference ID 20251.
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.