Flutter’s planned self-regulation to cost company €100m
New initiatives are set to lower revenues from online gambling in Britain and Ireland by 6 per cent to £1.952 billion
Flutter Entertainment’s plans to tackle addiction among its customers, and stricter regulation, will cost the Paddy Power-owner more than €100 million, according to analysts.
Reduced forecasts for the largest company on the Irish stock market last week wiped out an estimate of 4 per cent growth in 2021 and 8 per cent growth in 2022. The revisions, by Davy Research, move the expected Ebitda (earnings before interest, taxes, depreciation, and amortisation) down to...
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