Flutter Entertainment PLC

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Flutter Entertainment Plc engages in the business of online betting and gaming. It operates through the following segments: UK and Ireland, Australia, International, and US. The UK and Ireland segment includes the operations of Sky Betting and Gaming, Paddy Power, Betfair, and tombola. The Australia segment focuses on sports betting services provided to Australian customers online. The International segment relates to poker, casino, rummy, lottery, and sports betting. The US segment includes sports betting, daily fantasy sports, and gaming services. The company was founded in 1988 and is headquartered in New York, NY.

FLUT's strong revenue growth, driven by FanDuel and expanding markets, positions it for continued top-line expansion, potentially reaching $20 billion by FY 2028. Operational improvements and margin expansion are expected to boost profitability, with operating margins projected to grow significantly, enhancing shareholder returns. Despite FLUT's breakeven status over the last twelve months, the company's future growth potential makes it an attractive investment.

3 Reasons To Bet On Flutter's 'License To Print Money'

Flutter Entertainment PLC (LSE:FLTR) is expected to post in-line results for the third quarter of 2024, according to Citi, with projected group revenue growth of 22%, slightly ahead of its 20% growth in the previous quarter. In the US, Citi forecasts an accelerated revenue growth of 45% year-over-year, attributed to favourable comparisons with weaker prior results.

Paddy Power-owner Flutter to show accelerating revenue growth, says Citi

FanDuel parent Flutter Entertainment is looking to conquer the U.S. sports-betting market. The post Investors Gamble Flutter Entertainment Can Outduel DraftKings With 400% EPS Growth Expected appeared first on Investor's Business Daily.

Investors Gamble Flutter Entertainment Can Outduel DraftKings With 400% EPS Growth Expected

Flutter Entertainment to Report Third Quarter 2024 Financial Results and Host a Conference Call on November 12, 2024 DUBLIN, IRELAND and TORONTO, ON / ACCESSWIRE / October 25, 2024 / Flutter Entertainment ("Flutter") (NYSE:FLUT)(LSE:FLTR), the leading online sports betting and iGaming operator, today announced that it will release its third quarter 2024 financial results after market close on Tuesday, November 12, 2024 at 4:05 p.m. ET (9:05 p.m.

Flutter Entertainment PLC Announces Notice of Q3 Earnings Release

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The sector is undervalued because the market is yet to recognize its long-term growth prospects. Overall, this basket portfolio is poised to gain strongly as Q4 events unfold with strong earnings profiles indicated forward either by Q4 2024 or Q1 2025. The market is still chasing AI, which tends to bury other strong stories.

Casino And Sports Betting Stocks Are Due For Positive Sentiment Due To Macro Growth

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DraftKings

With the 2024 NFL season underway, it's time to look into gambling stocks. After all, according to the American Gaming Association, Americans are expected to wager about $35 billion on NFL games this year.

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SOUTHPORT, Conn. & NEW YORK--(BUSINESS WIRE)--Diamond Sports Group (“Diamond”) and FanDuel, North America's premier online gaming company, today announced an agreement on a broad, long-term commercial partnership, including: Exclusive right to name Diamond's 16 regional sports networks (“RSNs”) and Diamond's digital offerings, including the direct to consumer (“DTC”) product, as FanDuel Sports Network; Linear and digital media placement and integration opportunities across all live NBA, NHL and.

Diamond Sports Group and FanDuel Announce Broad Commercial Partnership

Bally Sports Will Become FanDuel Sports Network on October 21 SOUTHPORT, Conn. and NEW YORK , Oct. 18, 2024 /PRNewswire/ -- Diamond Sports Group ("Diamond") and FanDuel, North America's premier online gaming company, today announced an agreement on a broad, long-term commercial partnership, including: Exclusive right to name Diamond's 16 regional sports networks ("RSNs") and Diamond's digital offerings, including the direct to consumer ("DTC") product, as FanDuel Sports Network; linear and digital media placement and integration opportunities across all live NBA, NHL and MLB games on FanDuel Sports Network; shared commitment to explore a unified DTC app experience with the ability to syndicate FanDuel TV programming across FanDuel Sports Network, including studio programming like "Up & Adams," "Run It Back" and FanDuel TV's live rights programming; FanDuel to have reseller designation for Diamond's DTC product; and additional economic and equity elements.

DIAMOND SPORTS GROUP AND FANDUEL ANNOUNCE BROAD COMMERCIAL PARTNERSHIP

Diamond Sports and FanDuel have reached a naming rights agreement for Diamond Sports' regional sports networks. The agreement will start with the 2024 NHL and NBA seasons and will be long-term, pending Diamond's emergence from bankruptcy, according to a bankruptcy court filing.

Diamond Sports, FanDuel reach naming rights agreement for regional sports networks

Gambling.com Group

CHARLOTTE, N.C.--(BUSINESS WIRE)--The American Gambling Awards today announced FanDuel, North America's premier online gaming company, has been named Online Sportsbook of the Year for the 2024 American Gambling Awards. Defending its title as America's #1 Sportsbook, this recognition marks FanDuel's third consecutive win in this competitive category, reflecting its exceptional customer experience and continued growth in the sports betting landscape. The American Gambling Awards, produced by Gamb.

FanDuel Sportsbook Is the 2024 American Gambling Awards Online Sportsbook of the Year

FanDuel odds now available on NBA League Pass as part of opt-in viewing experience NEW YORK , Oct. 15, 2024 /PRNewswire/ -- FanDuel, North America's premier online gaming company and an Official Sports Betting Partner of the National Basketball Association (NBA), is tipping off the NBA season by bringing back a promotion to provide fans with a three-month subscription to NBA League Pass. Fans who opt-in can also view an enhanced broadcast experience featuring live odds from FanDuel during NBA League Pass games.

FanDuel Tips Off the NBA Season with Three Months of NBA League Pass Promotion

DoubleDown Interactive Co Ltd

Nexters

Robust online betting demand bodes well for the Gaming industry. Stocks like FLUT, DDI and GDEV benefit from an improving industry trend.

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The outlook for growth in 2024 for casino companies could be one key area to watch in the gaming space along with a favorable backdrop for online sports betting companies, an analyst said.

6 Top Stocks For Gaming, Casinos, Sports Betting: Analyst Says This Company's Estimates Will 'Prove Conservative'

Entain PLC

Shares in Evoke, Entain, Flutter Entertainment and Rank Group tumbled on the back of the reports, which suggest that the U.K. government is aiming to raise up to $3.9 billion from the sector.

U.K. Gambling Stocks Fall on Reports of New Industry Taxes

Evoke Pharma

Shares in listed bookmakers Entain PLC (LSE:ENT), Flutter Entertainment PLC (LSE:FLTR) and Evoke PLC (LSE:EVOK) tumbled on the back of news that the UK government might target the sector in this month's Budget.  HM Treasury could hit the gambling industry with a £3 billion tax raid, it was reported at the weekend, as Rachel Reeves looks for ways to help fill the £22 billion 'black hole' in the public finances.

Bookmakers Entain, Flutter, Evoke and Rank tumble on new gambling tax reports

Florida's sports betting market may be about to get a lot more interesting, with Hard Rock's chairman opening the door to partnerships with commercial sportsbooks. Hard Rock has the monopoly on sports betting in the state, winning the exclusive tribal gaming compact following a hard-fought battle against Flutter-owned FanDuel, DraftKings and Penn Entertainment.

Hard Rock chairman opens the door to a FanDuel or DraftKings partnership in Florida

FLUT is experiencing strong momentum, driven by its leadership through FanDuel, which commands nearly 40% of the U.S. sports betting and iGaming market.

Flutter Entertainment Stock Up 10% in a Month: Should You Buy Now?

ATLANTA , Oct. 3, 2024 /PRNewswire/ -- FanDuel, the premier online gaming company in North America, today announced a $175,000 donation to four Georgia organizations, Greater Valdosta United Way (GVUW), United Way of Toombs, Montgomery and Wheeler Counties, Second Harvest Foodbank of South Georgia, and Golden Harvest Food Bank INC, supporting hurricane relief efforts throughout impacted communities in southern Georgia. "FanDuel is a proud employer in Georgia and is devastated to see the damage across communities many of our team members call home," said Alison Kutler, Vice President, Responsible Gaming and Community Impact at FanDuel.

FanDuel Donates $175,000 to Four Local Organizations to Support Hurricane Recovery Efforts in Georgia

Donation comes after this year's launch of mobile sports betting in the state and marks the fourth $1 million FanDuel donation to UNCF NEW YORK , Oct. 1, 2024 /PRNewswire/ -- FanDuel, the premier online gaming company in North America, today announced a fourth $1 million donation supporting the UNCF (United Negro College Fund) whose mission is to build a robust and nationally recognized pipeline of under-represented students who, because of UNCF support, become highly qualified college graduates. The donation will financially support students at 11 historically Black colleges and universities (HBCUs) across North Carolina.

FanDuel Donates $1 Million to UNCF to Support Students from North Carolina HBCUs

International Game Technology

IGT PlaySports and FanDuel Group team up for retail sports betting through 2028 LONDON , Sept. 26, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it recently renewed a multi-year retail sports betting agreement with FanDuel, North America's premier online gaming company and an operating unit within Flutter Entertainment plc (NYSE: FLUT).

IGT Named FanDuel Sportsbooks' Exclusive Retail Sports Betting Platform Provider in North America for Four Additional Years

iGaming and fantasy sports giant Flutter Entertainment held its Investor Day today. It outlined robust above-industry growth and margin expansion through 2027.

Why Flutter Entertainment Rallied Today

The widespread legalization of sports betting has plenty of investors scrutinizing the sector as a growth play, especially amid the NFL season.

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FanDuel parent Flutter Entertainment announced its long-term growth plan, a $5 billion stock buyback Wednesday. Betting stocks jump.

FanDuel Parent Breaks Out On Growth Plan, $5 Billion Buyback

Flutter Entertainment PLC (LSE:FLTR) gained over 9% on Wednesday after unveiling plans at its investor day to buy back US$5 billion (£3.7 billion) worth of shares. This came as the Betfair owner said its total addressable US market was set to grow to US$63 billion by 2030, one and a half times larger than initially forecast.

Flutter Entertainment jumps after unveiling $5bn share buyback

FanDuel boosted its outlook for the size of the total addressable market in North America.

News for Flutter Entertainment PLC Stock (FLUT)