Tag: Flutter
Analyst hails prospective California sports betting accord
3 April 2025 at 4:10pm UTC-4
Although no company has confirmed discussions with California tribes, one stock analyst applauded the alleged negotiations. Jefferies Equity Research analyst David Katz voiced ...
Playtech revenue grows by 5% in 2024
28 March 2025 at 7:23am UTC-4
Casino game provider and platform developer Playtech said revenue was up 5% in 2024, to nearly €1.8 billion from €1.7 billion in 2023.
Adjusted EBITDA jumped by 11%, rising ...
Flutter’s Aussie sportsbook Sportsbet reports Q4 declines on lower racing revenue, higher taxes
5 March 2025 at 6:58am UTC-5
Australia’s market leading online sportsbook Sportsbet reported an 8% year-on-year decline in revenue to US$346 million in the three months to 31 December 2024, with the company ...
Flutter executives spar with analysts during earnings call
5 March 2025 at 4:41am UTC-5
Wall Street analysts pressed Flutter Entertainment’s top executives for specifics they couldn’t – or wouldn’t – give during an occasionally tense fourth quarter earnings ...
Flutter Entertainment swings loss to profit in fourth quarter
5 March 2025 at 4:28am UTC-5
Flutter Entertainment, the parent company of FanDuel, reversed a US$902 million loss in the fourth quarter of 2023 to a US$156 million profit a year later. The news was disclosed ...
Flutter braces for New Jersey tax impact
26 February 2025 at 8:14am UTC-5
Jefferies Equity Research analyst James Wheatcroft has predicted Flutter could take a significant hit from New Jersey’s proposed increase in igaming and sports betting tax ...
Stake Colombia introduces VAT compensation for players
26 February 2025 at 6:25am UTC-5
Online casino platform Stake has promised to compensate its Colombian players with a new Cashback IVA promotion, which will credit a bonus to users to cover the 19% VAT imposed by ...
FanDuel reports record US$16.6 million handle on Super Bowl LIX
11 February 2025 at 6:21am UTC-5
FanDuel bettors placed over US$16.6 million on Super Bowl LIX, marking a 19% increase from Super Bowl LXIII and a new record for the big game.
According to the sportsbook’s ...
Abelson Info targets US with Abelson Sports rebrand
11 February 2025 at 5:32am UTC-5
Sports betting software supplier Abelson Info has rebranded to Abelson Sports and turned its attention to expansion into the US and Latin America.
Founded in London in 2003 ...
Analyst: Brazilian igaming off to a positive start
29 January 2025 at 6:10am UTC-5
Brazilian igaming platforms went live on 1 January and, so far, the data is “encouraging,” according to Jefferies Equity Research analyst James Wheatcroft.
Jefferies ...
