Flutter | Business Post

Flutter strategy pays off in US, winning 50 per cent of online sports betting market

Dublin-based multinational gambling company’s US division ‘well placed’ to turn a profit this year

Paddy Power-owner Flutter posts rise in profits as US expansion continues

Adjusted earnings rose to €1.15 billion at the Dublin based multinational

Paddy Power-owner Flutter seeks shareholder approval for US listing

The gambling giant expects the total addressable gambling market in the US to be worth $40 billion by 2030

Flutter rival Draftkings to cut jobs in Ireland as part of global restructuring

The Boston-based company, which is one of the Paddy Power-owner’s main competitors in the United States, opened an engineering centre in Dublin in 2020

Flutter rival Draftkings pulls out of Ireland just two years after launch

The Boston-based company, which is one of the Paddy Power-owner’s main competitors in the United States, has given Irish customers five days to withdraw funds

Flutter seeks new chairman as McGann due to depart this year

The Paddy Power owner is searching for a replacement for Irish veteran Gary McGann

Observers not betting on a good outcome for US gambling liberalisation

With sports betting legal in the US since 2018, there are winners such as FanDuel, the US arm of Irish betting giant Flutter. But there are fears that the lax regulatory environment could lead to addiction problems on the scale of the opioid crisis

Flutter aims for fivefold revenue growth in US

Gambling firm’s US arm FanDuel expects to see earnings hit $5 billion within eight years

Flutter lays off fewer than 200 staff in Ireland and Britain

Gambling giant says redundancy scheme has been completed for ‘significantly’ less than 200 workers at its Irish and British operations

Today's headlines

The Irish Meta units hit hardest by job cuts; Flutter boss ‘disappointed’ by US sports betting vote

The biggest stories from the worlds of politics and business in today’s Business Post

Flutter boss ‘disappointed’ over California vote rejecting legal sports betting

Jonathan Hill was speaking after Flutter upgraded its full-year outlook in a third quarter update on the back of a 31 per cent increase in overall revenue

Peter O’Dwyer: Flutter’s focus moves Stateside as it eyes potential American riches

Recent comments by the gambling giant’s chief executive Peter Jackson indicate that it is pivoting away from its traditional base of Britain and Ireland

Flutter reports 20% drop in earnings amid regulatory changes and US investment

H1 revenue increase driven by rise in recreational customers but overall profitability hit by safer gambling initiatives and increased US investment

Today's headlines

State seeks new options in scramble for refugee housing; Could smaller gardens be on the way in bid to cut house prices?

The top stories and best in-depth reads from today’s Business Post

Up to 400 jobs at risk as Flutter begins major restructuring

The changes are being made in the gambling giant’s offices in England and Ireland as the industry faces increased scrutiny and regulatory changes designed to protect vulnerable gamblers

Addiction has become a ‘toxic’ issue for gambling industry, says Paddy Power

The public face of the bookmaking giant went on to say that reputational problems had made being in the industry less ‘fun’

Online gamblers could face financial background checks under new bill

Unpublished cross-committee report calls for background checks on those registering for online gambling websites, and recommends that link between sport and betting should be targeted

Betting consortium seeks lighter touch on plans to regulate gambling industry

Trade group representing Flutter and Entain said it is concerned about new rules that could clamp down on the marketing activities of gambling companies in Ireland

Flutter’s Irish and UK revenue down 20%

The Irish and UK arm of the group was hit by a slower return by customers to the bookies

Double-digit executive pay boost ruffles feathers at Flutter’s agm

Almost a third of shareholders voted against a motion to raise pay for senior figures after disappointing full-year results and a share price tumble