Home run: FanDuel pens partnership with New York Yankees as Flutter continues stateside domination April 26, 2022 Flutter owned FanDuel has agreed a new multi-year partnership with the New York Yankees as it continues its stateside domination.
Italian lottery operator Sisal mulls joining Camelot’s High Court challenge April 10, 2022 Italian lottery operator Sisal is considering teaming up with Camelot to challenge the Gambling Commission’s decision to pick Czech firm Allwyn to run the UK’s National Lottery. Sisal is weighing up plans to back Camelot’s High Court bid to overturn the Gambling Commission’s decision, after Camelot lodged a legal challenge against the government agency earlier [...]
Gambling sector warns against ‘naive changes’ in long-awaited white paper March 21, 2022 The gambling industry has vowed to back the Chancellor’s economic recovery plan so long as the long-awaited white paper does not bring “well-meaning but naive changes”. Chief of the Betting and Gaming Council (BGC) Michael Dughe warned that whilst bookies were ready to help Rishi Sunak recover the public finances after the pandemic, he said [...]
Betfair owner Flutter shares dive despite US growth March 1, 2022 Paddypower and Betfair owner Flutter Entertainment reported steady growth this morning despite, with recreational customers up 23 per cent to 7.6m average monthly players.
Betfair owner Flutter ties staff bonuses to stamping out gambling addiction as industry gears up for reform February 28, 2022 Betfair and Fanduel owner Flutter Entertainment has said this morning that it will tie 10 per cent of annual bonuses for its staff to initiatives aimed at helping prevent gambling addiction. The world’s largest online betting group stated that these targets were part of a package which hoped to get 75 per cent of active online customers [...]
Paddy Power and Betfair owner Flutter snaps up Italian gaming giant Sisal for cool £1.62bn December 23, 2021 Paddy Power and Betfair owner Flutter Entertainment has agreed a £1.62bn deal to buy Italian online gaming group Sisal. Flutter’s acquisition of Milan-based Sisal from buyout firm CVC Capital Partners will add to its existing presence in Italy through PokerStars and Betfair, giving it a combined online market share of 20 per cent. Sisal employs [...]
Paddy Power and Betfair owner Flutter snaps up bingo giant Tombola for £402m November 18, 2021 Paddy Power and Betfair owner Flutter Entertainment has agreed to buy UK bingo group Tombola for £402m. Tombola’s founder Phil Cronin, who set up the bingo firm 16 years ago, will leave the business after the acquisition, with himself and his family expected to net a fortune from the cash deal. Based across sites in [...]
Markets: Standard Chartered, Flutter and miners put FTSE 100 in a hole November 2, 2021 The FTSE 100 is down this morning, weighed on by Paddy Power owner Flutter and Asia-focussed bank StanChart. The blue-chip FTSE 100 index eased 0.5 per cent after closing at fresh February 2020 highs yesterday, while the UK-centric mid-cap index slipped 0.2 per cent. Miners BHP, Rio Tinto and Anglo American were among the worst performers on [...]
Flutter makes Amy Howe new boss of FanDuel with US spinoff still on the cards October 4, 2021 Betting group Flutter Entertainment said this morning it has appointed Amy Howe as the new chief of its FanDuel arm as the company continues to consider spinning off the US business. Howe joined sportsbook and fantasy sport business FanDuel as president in February before becoming its interim chief executive in July. Her appointment comes after [...]
