Tag: $Flutter Entertainment

Flutter, which went public on the New York Stock Exchange in January, said it now believes its total addressable market for 2030 is $36 billion of gross gaming revenue with forecast compound annual growth of 8.3%.

FanDuel owner Flutter Entertainment has reached an agreement to acquire one of Italy’s largest gambling companies, Snaitech, for €2.3 billion ($2.6 billion) in cash.

Irish betting giant Flutter Entertainment said on Thursday it plans to appeal a $330 million ruling against itself and partner Spribe in Georgia in a trademark case filed by a former shareholder of its Georgian subsidiary Adjarabet.

 Shares of Flutter Plc jumped on Wednesday after the company reported a strong second-quarter performance, exceeding market expectations.

Stocks in DraftKings and FanDuel owner Flutter Entertainment were dropping Tuesday after Illinois senators passed a new budget that includes a tax increase on sports betting operators.

Shares in Flutter Entertainment rallied in London on Thursday ahead of a planned U.S. stock-market listing, even as the FanDuel owner warned that a string of sporting results in customers’ favor will result in lower-than-planned revenue.