Paddy Power | Business Post

Analysis: Flutter’s gamble on the US market has paid off

The betting giant has reached the ‘profitability inflection point’ stateside as it earns $63 million in the first half of the year

Investors await updates from Flutter and Entain as US continues to fuel growth

The owners of Paddy Power and Ladbrokes will both release new figures next week

Life in the old dog: Greyhound industry fighting back as interest wanes

The sport’s pivot towards industry meetings and a focus on betting companies may see it survive longer than expected – even if numbers visiting the track keep declining

Post Script: Peas in a podcast, Murdoch’s cuts, all bets are off

The Business Post takes a look at the scenes behind the stories

Crisis-hit UK business lobby group shunned by big business ahead of crucial vote on its future

Companies such as BT Group Plc, PwC and Paddy Power-owner Flutter Entertainment Plc are pulling their backing amid a sexual assault scandal within the Confederation of British Industry

Paddy Power fined €560k for sending Premier League bets to self-excluded customers

The Dublin-headquartered gambling giant has been sanction by the UK Gambling Commission for its failures

Donal McNamee: Betting companies’ public support for reform does not extend to backing gambling bill

Gambling industry believes government proposals to curb advertising and sports sponsorship and to restrict online betting are too draconian

We’re keeping headquarters in Dublin despite US listing, says Flutter

Revenue in America grew by 92 per cent last year but Paddy Power owner says it has no plans to move

Paddy Power-owner Flutter sees revenue jump to €2.7 billion as US market grows by 92%

The gambling giant said its Irish and British division continues to outperform the market

Fears that Flutter may de-list from Dublin as new US-based chair mooted

It’s believed that John Byrant could replace Gary McGann as chairman of Flutter Entertainment and the firm has already sought the approval of shareholders to list its FanDuel US arm on the New York stock exchange

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

The Big Interview

‘The Tenth Man has a dotted line to Paddy Power. I’m trying to distil that spirit’ – Ken Robertson

In a past life, the chief executive of the branding and content agency was ‘head of mischief’ at Paddy Power. Now, in his new calling, he plans to have boots on the ground in the US by the end of the year

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

Gambling industry is undermining National Lottery, warns chief executive

The head of Premier Lotteries Ireland has called for a ban on bookmakers offering bets on the lottery numbers

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’

Proposed crackdown on gambling industry does not go far enough, former Paddy Power chiefs say

Fintan Drury said introducing a gambling legislator would not solve addiction issues unless proposed new rules were enshrined in legislation

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

New gambling law won’t require bookies to check customers are betting within their means

Affordability checks on customers who lose more than a certain sum each month are being considered in Britain but will not be part of the Irish legislation, says Fianna Fáil minister James Browne