News | Latest Breaking News Stories & Headlines

Flutter shuts down money-based online games in India

Online betting company Flutter Entertainment has shut down its money-based online games in India following a law change last week, with CEO Peter Jackson saying he was "extremely disappointed" by the development.

Business • 26 Aug

Flutter said it expects US core profit to be $180m lower this year at $1.13 billion due to an unprecedented run of better-friendly results

Flutter cuts US forecast on gamblers' winning streak

Paddy Power and FanDuel-owner Flutter Entertainment has cut its forecast for full-year US profit growth, after a winning streak for gamblers dented earnings at the world's largest online betting company for the second quarter in a row.

Business • 08 May

Fanduel owner Flutter expects 34% profit jump this year

Flutter Entertainment, the world's largest online betting company, said it expects to increase its core profit by around 34% this year following growth of 26% in 2024, driven again by its fast-growing and market-leading US brand FanDuel.

Business • 05 Mar

Entain expects core profit for the year to be at the top end of its forecasts

Ladbrokes-owner forecasts profit at top end of range

British gambling group Entain said it expects core profit for 2024 to be at the top end of its forecast range, helped by operator friendly sports results during the fourth quarter despite unfavourable sporting results in the US.

Business • 13 Jan

Flutter cuts US guidance as NFL fans see winning streak

Flutter Entertainment, the world's largest online betting company, said it expects 2024 earnings at its fast-growing US FanDuel brand to be sharply lower after American football gamblers enjoyed an unprecedented winning streak.

Business • 08 Jan

The London Stock Exchange saw 88 companies delist or transfer their primary listing from the main market last year - the most since 2009

2024 sees big exodus from London Stock Exchange

Last year was one of the quietest on record for the London Stock Exchange, which saw the largest outflow of companies since the global financial crisis, stark new analysis shows.

Business • 06 Jan

Flutter's third-quarter group revenue of $3.25 billion was well ahead of the $3.05 billion expected by analysts and up 27% year-on-year

Flutter nudges up guidance on growth outside US market

Paddy Power owner Flutter Entertainment, the world's largest online betting company, has nudged up its full-year guidance for the second successive quarter after its non-US brands drove better than expected third-quarter revenue growth.

Business • 13 Nov 24

Shares of Paddy Power owner Flutter Entertainment fell in London trade today

Bookies drop on report of UK government mulling tax hikes

Shares in bookmakers Flutter Entertainmet, Evoke and Entain fell sharply today, after a media report that the UK government is considering a £3 billion tax hike for the gambling sector.

Business • 14 Oct 24

Paddy Power owner Flutter Entertainment has authorised a share buyback of up to $5 billion to be deployed up to 2027

Flutter forecasts profits to double by 2027

Paddy Power owner Flutter Entertainment, the world's largest online betting company, said it expects to more than double its core profit by 2027 and that it had authorised a share buyback of up to $5 billion to be deployed over that period.

Business • 25 Sep 24

Flutter Entertainment is to buy Italy's Snaitech for €2.3 billion, including debt

Flutter buys Playtech's Italian unit Snaitech

Flutter Entertainment said today it would buy Snaitech for €2.3 billion including debt from gambling technology group Playtech, cementing its position as the leading gambling firm in Italy.

Business • 17 Sep 24

Flutter Entertainment buys 56% stake in Brazil's NSX

Paddy Power owner Flutter Entertainment has bought an initial 56% stake in NSX Group, the Brazilian operator of the Betnacional brand for a cash consideration of about $350m.

Business • 13 Sep 24

Flutter Entertainment is to appeal a $330m ruling against itself and partner Spribe in Georgia

Flutter Entertainment to appeal $330m Georgia ruling

Paddy Power owner Flutter Entertainment said today it plans to appeal a $330m ruling against itself and partner Spribe in Georgia in a trademark case filed by a former shareholder of its Georgian subsidiary Adjarabet.

Business • 29 Aug 24

Earlier this month, Flutter shareholders overwhelmingly backed the transfer of its listing to New York at its AGM in Dublin

Flutter confirms primary listing now on NYSE

Paddy Power owner Flutter Entertainment confirmed today that its primary listing is now on the New York Stock Exchange.

Business • 31 May 24

Paddy Power owner Flutter Entertainment is the world's largest online betting company

Flutter's first quarter core profit jumps by 46%

Flutter Entertainment, the world's largest online betting company, has today reported a 46% rise in first quarter adjusted core profit.

Business • 14 May 24

Flutter shareholders back move to US primary listing

Paddy Power owner, Flutter Entertainment, is aiming to complete the move of its primary share listing from London to New York by the end of the month, its chief executive said today.

Business • 01 May 24

Flutter Entertainment said its US revenues soared by 40.7% in 2023 as it reported its first year of positive adjusted EBITDA

Flutter expects 30% jump in 2024 earnings on US growth

Paddy Power owner Flutter Entertainment has reported an increase in revenues, average monthly players and adjusted EBITDA for the 12 months to the end of December.

Business • 26 Mar 24

Flutter believes a US primary listing is the natural home for it given Fanduel's number one position in the US

Flutter Entertainment starts trading in New York

Dublin-based betting company Flutter Entertainment said today it will propose moving the primary listing of its shares from London to New York at the annual general meeting in May.

Business • 29 Jan 24

Flutter Entertainment said its UK and Ireland Retail revenue increased by 6% to £75m from £71m in the fourth quarter of 2023

Flutter Entertainment shares soar as Q4 revenues up 15%

Shares in online betting giant Flutter Entertainment jumped over 15% today after analysts said fourth quarter market share gains and stronger-than-expected win margins in the fast growing US market augured well for 2024.

Business • 18 Jan 24

Flutter Entertainment had decided in November to delist from Euronext Dublin

Flutter to list shares in New York from January 29

Gambling group Flutter Entertainment said today it was working towards an effective listing date of January 29 for its ordinary shares on the New York Stock Exchange and also plans to cancel its secondary listing in Dublin the same day.

Business • 08 Dec 23

Flutter Entertainment said today it expects full-year earnings, excluding the US market, to be at the bottom of its previously forecast range

Flutter Entertainment to delist from Euronext Dublin

Paddy Power owner Flutter Entertainment has decided to delist from Euronext Dublin, the Irish Stock Exchange, as it plans to add a New York listing in the first quarter of 2024.

Business • 09 Nov 23

Paddy Power to close 21 shops, with 78 workers affected

Paddy Power to close 21 bookie shops nationwide

Paddy Power is to close 21 of its betting shops around the country after a review of its operations.

Business • 04 Oct 23

Paddy Power owner Flutter Entertainment enters Serbian betting market

Flutter Entertainment buys 51% stake in Serbia's MaxBet

Flutter Entertainment has bought an initial 51% stake in MaxBet, Serbia's second biggest channel sports betting and gaming operator for €141m.

Business • 27 Sep 23

CRH shares to delist from Euronext Dublin on Monday

CRH shares cease trading on Euronext Dublin

Shares in building materials giant CRH ceased trading on the Irish Stock Exchange yesterday.

Business • 21 Sep 23

Flutter said FOX Bet contributed less than 3% to its revenue of £2.6 billion in the fast growing US market last year

Flutter, Fox to close betting platform FOX Bet

Online betting firm Flutter Entertainment and broadcaster Fox Corporation will close US sports betting platform FOX Bet, the companies said today.

Business • 31 Jul 23

Australians outspend the citizens of every other country on online gambling, a new report shows

Australia urged to ban online gambling ads

Australia should phase out advertising for online gambling in three years, a parliamentary committee of inquiry recommended today as it looked to limit the "havoc" it caused in one of the world's biggest betting market.

Business • 28 Jun 23