Business
November 12, 2020
Flutter Raises Earnings Guidance, Reports 30% Jump in Q3 Revenues
Flutter Entertainment raised its earnings guidance on Wednesday, as betting customers grow. The group reported a 30% increase in revenue in Q3. EBITDA Up By 2.4% From Previous Forecast Betting giant Flutter Entertainment (FLTR), the owner of Paddy Power, Betfair, and Poker Stars raised its full-year operating profits guidance on Wednesday and reported a 30% […]
Business
September 13, 2020
Betfair to Pull Betting Exchange in New Jersey on October 1
British sports betting exchange Betfair announced on Friday, September 11 that the company was withdrawing from the New Jersey market. Betfair cited poor results in the market as well as the fact that the state was getting its first sports betting exchange as the reasons behind the decision. The company will stop servicing the market […]
Sports
May 27, 2020
Betfair Will Provide Wagering on the NRL Games, Players Face MBR Increase
Sport betting exchange Betfair announced it will restore wagering on the Australian National Rugby League, as the operator and the league that is scheduled to re-start May 28 signed a new integrity deal. As part of the agreement, Betfair is forced to increase the commission charge on customer winnings. NRL Wagering Suspended In February, the […]