Tag: Flutter

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

Flutter executives shared that fourth-quarter revenue increased 14% and fiscal year revenue was up 19%, mostly on the back of US sports betting and icasino. Executives also reported that for FanDuel in the US, the number of average monthly players grew 7% in the quarter and 13% for the fiscal year. Overall, the tone was

Another strong quarter of US performance led to revenue and EBITDA gains for betting giant Flutter Entertainment. Global betting giant Flutter Entertainment lauded continued success in the US on Wednesday as it reported first-quarter group revenue of $3.66 billion, up 8% versus the prior year. Adjusted EBITDA of $616 million and net income of $335

Flutter Entertainment, a leading online sports betting and iGaming company, announced that it has closed its previously announced acquisition of Snaitech (Snai), one of Italy’s top omni-channel operators. Flutter Cements Its Leadership in Italy Consistent with the earlier announcement, Flutter will acquire Snaitech for EUR 2.3 billion ($2.6 million) from a subsidiary of Playtech. Flutter

Flutter Entertainment has announced that it has received all necessary antitrust, gaming and regulatory confirmations to acquire Snaitech S.p.A. (Snai), one of Italy’s leading omni-channel operators. The acquisition of Snai fully aligns with Flutter’s strategy to invest in leadership positions in attractive international markets, creating value through providing access to Flutter’s market leading products and

Flutter Entertainment enjoyed a robust fourth-quarter 2024 performance, exceeding expectations with better-than-expected earnings and a confident outlook for 2025. The global gaming giant maintained momentum, supported by stable revenue growth in its key markets, an expanding player base, and strategic acquisitions. Overall Results Remain Consistent Flutter recorded a 14% year-on-year revenue increase, reaching $3.79 billion

Flutter Entertainment is reportedly considering challenging IGT for Italy’s main lottery license. According to sources, Flutter might join forces with another competitor if it truly wants to dispute IGT’s reign. The Irish Giant Seeks Further Opportunities Sources told The Irish Times that Flutter, which is owned by the Irish gambling company Paddy Power, might join

Flutter Entertainment has warned it is likely to fall approximately $370 million (£297 million/€359 million) short of US revenue expectations for FanDuel following a period of “very unfavourable” sports results in the country during November and December. In a trading update published today (8 January), Flutter said strong player-friendly results have offset US player momentum.