Featured coverage
TIME: Flutter Entertainment: 2024 TIME100 Most Influential Companies
May 30, 2024
Flutter Entertainment has earned a spot on TIME100’s list of the most influential companies in 2024. The article acknowledges Flutter as the world’s largest betting company and emphasizes key achievements. Notably, Flutter stands out as the sole gambling company featured on this year’s list.
The Times: Who would bet against a gold medal for Flutter boss Peter Jackson
August 14 2024
The Times wrote a highly positive piece praising Peter's leadership of the company, saying "he is building a business that will last the pace and rake in the winnings," citing analysts who say the group has now "increased its firepower" since moving to New York from London.
Financial Times: FanDuel parent says US market share shields it from tax pain
August 13, 2024
The Financial Times reported on Flutter’s Q2’s 2024 earnings, highlighting the company's dominant 51% market share in the US through its FanDuel platform. Despite rising tax costs, Jackson confirmed that Flutter won’t increase prices for customers, leveraging its strong market position to outpace competitors. With $3.6 billion in revenue last quarter, far exceeding Wall Street expectations, and a 17% increase in monthly users, Flutter continues to solidify its status as a leader in the global betting industry.
CNBC: FanDuel Parent Flutter Lists on the NYSE, Challenging DraftKings as Sports-Betting Pure Play
January 29, 2024
This article highlights Flutter’s opportunity to gain market share and expand in the U.S. It emphasizes that Flutter already outperforms most of its competitors; however, there is a remaining opportunity to attract a greater audience as the company continues to establish its presence in the U.S.
Key media coverage
July 22, 2024
In an opinion article in the Racing Post, Ian Brown writes that based on the huge amount of customer and racing data that Flutter has as a betting operator, it is apparent that racing is facing the challenge of an ageing core audience that is not being replaced by a younger cohort. Although more funding may help in the short term, Ian urges industry players and other racing stakeholders to come together to work on "real strategic change" to resolve structural problems.
1st April 2024
The Financial Times explores how Flutter plans to try and turn its fast-growing US customer base into potential shareholders as it prepares to move its primary listing to the New York Stock Exchange. The article notes how the move to a primary listing will allow the company to meet a key criterion for potential index inclusion in the S&P 500.
26th March 2024
The FT’s influential investment column, Lex, analyses Flutter’s financial performance in FY23, suggesting its “confidence is not misplaced”, before going on to discuss the Group’s strong growth prospects in the US market and ability to far outpace both its London-listed and US rivals.
15th January 2024
The Daily Mail picks up on Prime Minister Rishi Sunak’s praise for Paddy Power following its Prostate Cancer campaign at the World Darts Championship. The initiative saw Paddy Power donate £1 million to Prostate Cancer UK, having committed £1,000 for every 180 landed during the tournament.
9th November 2023
In this article, Business Insider explores how FanDuel “nabbed an early market-share lead” in US sports betting. The author focusses on the importance of the “same-game parlay” and speaks to the Flutter team leader who built the revolutionary product in response to customer engagement.
8th November 2023
Last year, Sky Bet partnered with the EFL to help community organisations benefit from £6 million of funding from their “Building Foundations Fund”. You can read more about how club community organisations used the funding below.
28th September 2023
Last year, Flutter Entertainment entered the Serbian market when it acquired MaxBet in September, hoping to turn a podium position into a “gold medal position”. Read more about why this move was branded an “excellent opportunity” and welcomed by sector analysts in The Times.
30th September 2023
Steve Birch, Chief Commercial Officer of Sky Betting and Gaming, writes in an op-ed for the Yorkshire Post how Sky Bet’s partnership with the EFL is changing to continually meet the Group’s goals when it comes to promoting safer gambling and protecting vulnerable individuals from gambling harm.
28th July 2023
In this interview, CEO Peter Jackson speaks about the company’s increasing focus on the US market, and his hope that a US listing would give Flutter access to greater liquidity pools, more retail investors and a growing market. The piece notes the market leading position in the US and the importance of Flutter employees’ “technical know-how” to its success.
9th August 2023
Analysing Flutter’s H1 results, this article emphasises the jump in earnings on the back of soaring revenues in the H1. It notes that Flutter’s US business is at an inflection point regarding profitability. It flags the fact that the planned US listing would give the group access to a huge pool of US investors.
24th June 2023
While initially focusing on the potential impact of the UK government reforms, the thrust of the article is on US prospects, noting that FY23 would deliver EBITDA, marking a pivotal point for its investment.
19th February 2023
Following the US listing announcement in 2023, this article provides background on the rationale for companies choosing to list in the US. It also highlights FanDuel, in the form of analyst notes, noting that it is becoming the largest revenue contributor to the Flutter group. The piece concludes with positive commentary around shareholder value and the increased share price in the past year.
29th October 2023
Following an interview with Flutter UK&I Chief Executive Ian Brown, this article provides a constructive view on the Irish Gambling Bill, highlighting how the industry, particularly horse racing, would be affected if the Bill was passed in its form at the time of writing. The piece highlights Flutter’s already-established safer gambling measures, noting it has invested over €60 million in the UK and Ireland over the last two years. The piece includes key messages regarding the potential impact on licensed operators should the Bill be passed in its current form.
11th January 2024
An article ahead of Flutter’s trading update in January 2023 provides commentary on a submission made by Flutter to Minister James Browne regarding the gambling bill. The piece constructively analyses five key areas Flutter highlighted in a submission that it felt, where new laws were implemented, may lead to unintended consequences. The article notes Flutter’s concerns and indicates reasons as to why some areas of Bill may be unworkable from a regulation perspective.
February 27, 2024
The article focuses on Barclays’ analyst James Rowland Clark’s note reaffirming Flutter’s position as a global gambling leader. Clark highlighted the company’s leading brands, market influence, and robust management. Notably, he emphasizes Flutter’s opportunity to be a global gambling leader.
November 10, 2023
Angela Palumbo explores Flutter’s strategic move from London to the New York Stock Exchange. She underscores the company’s potential to capture market share with its U.S.-based online sports betting giant, FanDuel, upstaging competitor DraftKings.
January 1, 2024
Katherine Sayre delves into the parallels between sports-trading desks and financial-trading desks while exploring the strategic considerations in sports betting by betting companies. Her main insight centers around the delicate balance these companies must strike between profitability and pricing decisions.
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