Flutter’s big bet on US’ FanDuel pays off but $1bn-plus charges hit bottom line March 26, 2024 Gambling giant Flutter saw revenue jump almost 25 per cent in the last financial year, driven predominantly by significant growth in the US.
Entain mulls sale of international brands to rescue sinking share price March 14, 2024 Entain has reportedly hired advisers including Wall Street boutique advisory Moelis as it considers shredding some of its overseas brands.
Entain shares drop: Ladbrokes owner hits record online punters before ‘significant’ UK regulation changes March 7, 2024 Ladbrokes owner Entain reported an uptick in EBITDA in 2023 but expects regulatory challenges next year
Gambling giant 888 admits defeat in war for US gamblers March 6, 2024 888 operates SI-branded gambling sites in the US but has admitted profit margins are too low across the Atlantic
Media tycoon Richard Desmond’s lottery firm files claim against Gambling Commission February 6, 2024 According to the High Court filing system, the parties have instructed UK-US law firm Bryan Cave Leighton Paisner (BCLP) to bring the case to the Technology and Construction Court (TCC).
Flutter: The house always wins but can Fanduel’s gold rush last? January 29, 2024 Flutter’s secondary listing today has pleased investors but it will need to fight for its future amid a fiercely competitive US market.
888 shares dive as gambling red tape causes bookie revenue to tumble January 17, 2024 William Hill owner 888 has said a move away from dotcom markets and increased gambling red tape caused a drop in revenues in 2023.
Bet365 records loss as its chief Denise Coates takes another bumper payday January 8, 2024 Bet365 made £3.39bn in the period, with sports betting making up more than £2bn of that, and online betting accounting for over £700m, a market which is growing quickly.
Could Flutter’s US expansion rock its premium London stock listing? January 4, 2024 Gaming giant Flutter is gearing up for a secondary listing on the New York Stock Exchange (NYSE) at the end of the month.
Future National Lottery operator Allwyn’s revenue doubles, but chief sees ‘headwind’ to charity donations December 5, 2023 Allwyn, the upcoming operator of the National Lottery, has reported a 98 per cent surge in total revenue despite recently saying it will barely increase its charity donations next year.