Legal
February 4, 2021
UK Gambling Stakeholders Comment on PwC Black Market Report
A new PwC report analyzing the offshore gambling market in the United Kingdom has seen fewer operators but higher participation from online consumers. More People Visit Fewer Illegal Gambling Websites British sports books and gaming firms have cited a reported conducted by PwC which described the increasing impact the offshore and black markets have on […]
Business
February 1, 2021
Flutter Names Greg McCaw Group Director of Inclusion and Diversity
Flutter Entertainment announced today that it appointed Greg McCaw as group director of Inclusion and Diversity. In his new position, Mr. McCaw would be helping the company develop and execute an inclusion and diversity strategy. Flutter Entertainment Appoints Group Director of Inclusion and Diversity Leading sports betting and gaming group, Flutter Entertainment announced today that […]
Industry
January 16, 2021
Andrew Sneyd Appointed Senior Vice President Brand at FanDuel
Daily fantasy sport and betting group FanDuel announced a change to its marketing personnel, having appointed Andrew Sneyd as senior vice president for the brand. “We are amidst a pivotal moment in history where, as a brand, we have the opportunity to make a true impact both for our customers and industry at large.” Mike […]
Business
January 11, 2021
Betfair Exhange Became Less Compelling to Bettors in Italy
Sports betting exchange leader in Italy Betfair Exchange expressed concerns its flagship product lost much of its competitiveness and appeal following the controversial turnover tax imposed by the government last summer. Unsustainable Turnover Tax As part of the “Revival Decree” the Italian government imposed a 0.5% turnover tax across retail, digital and virtual sports wagering, […]
Business
January 4, 2021
Paddy Power Becomes ITV Racing’s Live Fixtures Title Sponsor
ITV Racing and Paddy Power signed a deal to make the sports betting brand the new sponsor of the media’s live racing coverage effective January 1, 2021, ITV announced. The partnership also covers ITV’s magazine program, The Opening Show. Last year, ITV Sport announced it would maintain its exclusivity regarding free-to-air broadcasting of horse racing […]
Business
December 30, 2020
Flutter Entertainment Completes $4.2bn FanDuel Stake Buyout
The end of the year is an ideal time to wrap things up, and Flutter Entertainment (FLTR.L) is heading out of 2020 with no loose ends, after announcing earlier today that it has completed the acquisition of a 37.2% stake in FanDuel Group. Flutter has bought out the share from Fastball Holdings for $4.2 billion […]
Legal
December 18, 2020
Flutter Faces $1.3bn Penalty in Kentucky over PokerStars
The Kentucky Supreme Court has reinstated a case against now Flutter Entertainment-owned PokerStars for facilitating illegal gambling in Kentucky between 2006 and 2011. The court is upholding a previous $1.3 billion penalty against PokerStars. Flutter has reassured investors that it is working on the matter and is expecting to find an outcome in the case […]
Business
December 4, 2020
Flutter Placed Shares to Pay for Fastball’s FanDuel Stake
Leading sports betting and gaming group Flutter Entertainment announced yesterday it entered into a conditional agreement to acquire the 37.2% stake in FanDuel held by Fastball Holdings, for $4.175 billion, subject to approval by its shareholders. Flutter is expected to convene an extraordinary general meeting before the year end. Flutter Targets 95% Stake in FanDuel […]
Business
November 30, 2020
Flutter Appoints Catherine Lynch as Chief People Officer UK & Ireland
Former Virgin Media chief people officer Catherine Lynch is set to become the new addition of Flutter Entertainment, performing in the same role for the UK and Ireland division of the gaming group. All Aspects of Staff Catherine Lynch will be tasked to oversee employment recruitment, selection and evaluation, all aspects of staff development and […]
Sports
November 17, 2020
FanDuel Invests Millions in Fairmount Park Racetrack in Illinois
FanDuel Group, the US sports betting brand of Flutter Entertainment, announced plans Monday to engage in a multi-million investment in Fairmount Park Racetrack in Collinsville, Illinois. The venue will undergo a rebranding and complete revitalization, targeting the return of its signature event, the $250,000 St. Louis Derby. FanDuel Sportsbook and Horse Racing Under the terms […]