Tag: Flutter

The Flutter Entertainment has announced the introduction of its Betfair Predictions Betting product in beta form. The new Betfair Predictions will operate as a modified version of Betfair’s Exchange platform, with modifications made for the prediction market. The service will be governed by the same Betfair UK Gaming licence. The service permits users to wager

Flutter Entertainment has announced the appointment of Stefan Bomhard to its board of directors. The new hire will serve as a non-executive director (NED), bringing significant experience to the gambling company’s team. The Company Appoints a New NED According to Flutter Entertainment’s official announcement, Bomhard joins the company from Imperial Brands, where he serves as

Flutter Entertainment reported Q2 revenue of $4.19 billion, marking a 16% year-over-year increase. However, net income dropped sharply by 88%, falling to $37 million. Adjusted EBITDA climbed 25% to $919 million, yielding a 21.9% margin. On the downside, earnings per share declined 59% to $0.59. FanDuel contributed significantly, generating $1.8 billion in Q2 revenue. Sportsbook

Flutter Entertainment has finalized a $1.76bn agreement to acquire Boyd Gaming Corporation’s remaining 5% stake in FanDuel, granting Flutter full ownership of the sportsbook brand. The deal also extends their strategic partnership with Boyd through 2038. Flutter plans to finance the purchase through new debt and expects to close the transaction in Q3 2025, pending

Flutter Entertainment has struck a deal to buy the last 5% of FanDuel from Boyd Gaming Corporation. This $1.755 billion purchase will give Flutter total ownership of the top US sportsbook and iGaming platform. The move values FanDuel at about $31 billion and will change the US sports betting scene. Flutter Secures $1.75B Loan for

Flutter Entertainment has launched an internal investigation following a data breach involving customer information from its Paddy Power and Betfair platforms. Affected users were notified via email, and Flutter stated that the issue has since been contained. According to iGB sources, a substantial portion of Flutter’s UK customer base was impacted. The compromised data included

NSX Group CEO João Studart will lead Flutter International’s Brazil business as the industry giant has completed its acquisition of the Betnacional parent company. Flutter agreed to acquire an initial 56% stake in Brazil-facing NSX last September. The deal was valued at $356 million and had been expected to close in Q2 of this year. The

Flutter Entertainment has finalized the purchase of a 56% stake in Brazil’s NSX Group for around $350 million in cash. NSX is behind the rapidly growing Betnacional brand and ranks among the leading companies in Brazil’s booming online betting industry. According to Flutter, the acquisition enhances its foothold in Brazil’s newly regulated market and aligns