Tag Archives: FanDuel

Matt King announces FanDuel departure ahead of US listing

Matt King, the CEO of Flutter Entertainment‘s FanDuel brand, has announced his intention to end his tenure as leader of the FTSE100 firm’s flagship US wagering unit.  King’s decision comes as Flutter continues to assess the possibility of listing a ‘small stake’ of FanDuel in the US, and the operator has acknowledged that the CEO’s departure ‘will affect the timing’ …

Read More »

Flutter restructures board duties as critical US options dawn

Flutter Entertainment Plc has restructured its boardroom duties following the departures of company directors’ Divyesh ‘Dave’ Gadhia and Peter Rigby. During Q1 trading, Gadhia, Flutter’s Deputy Chairman and long-term Non-Executive Director Rigby announced that they would resign from all commercial duties representing the FTSE100 company. Following the conclusion of Flutter’s AGM, Gadhia and Rigby have been formally replaced by the …

Read More »

Flutter accelerates global growth profile as US options are weighed up

Flutter Entertainment Plc has cited confidence in delivering on its full-year 2021 financial expectations by continuing to establish its individual brands as outright leaders in each active marketplace. Publishing its Q1 trading update, the FTSE100 gambling group recorded double-digit growth across all core divisions, as its monthly average active customer base increases by 36% to 7.6 million (Q12019: 5.6m). Providing …

Read More »

Flutter eyes Oddschecker sale as focus shifts to core business growth

Flutter Entertainment is actively reviewing options to sell its Oddschecker business, as the FTSE100 firm focuses its core operations to strengthen its global sports betting and igaming units  This afternoon, Sky News reported that Flutter had recruited New York investment bank Moelis & Company to advise on the sale of Oddschecker – recognised as UK and Australian betting markets’ leading …

Read More »

Fox challenges Flutter on FanDuel’s ‘fair market pricing’

Fox Corporation has launched legal proceedings against Flutter Entertainment in relation to the former exercising its option to acquire an 18.6% stake in the FanDuel sportsbook. Flutter has argued that Fox must conduct the transaction at a ‘fair market price’, whilst the American multimedia corporation maintains that it should pay the same amount Flutter paid in December 2020. Through its …

Read More »

FanDuel: Sports fans want experiences ‘radically different to traditional formats’

Appearing in the debut episode of the SBC Leaders Podcast, a podcast series that gets to know the people driving global gaming’s biggest developments, FanDuel CEO Matt King discussed the operator’s approach to developing sports betting in ‘radically different’ formats. Speaking to SBC’s Global Relationships Director, Kelly Kehn, King outlined how both the sports betting and sports broadcasting markets are …

Read More »

Flutter mulls FanDuel IPO options against fierce US competition   

Flutter Entertainment has disclosed that it is weighing up options to list a ‘small shareholding’ of FanDuel on a US stock exchange as a means to accelerate its North American market profile. This weekend, the FTSE100 betting group released a statement detailing that it was evaluating its capital structure in order to help the company achieve its long-term growth objectives. …

Read More »

Fresh Eight deal strengthens Sportradar’s marketing services

Fresh Eight

Sportradar has completed the acquisition of personalised messaging platform Fresh Eight, whose current operator clients include FanDuel, Entain, William Hill and LeoVegas. The acquisition is a further boost to Sportradar’s suite of marketing services, which already includes ad:s – a platform providing highly targeted programmatic advertising for betting and gaming businesses. Sportradar said that the Fresh Eight deal strengthens its …

Read More »

Flutter bulks up for global dominance as TSG merger objectives are achieved

Flutter Entertainment Plc has exceeded 2020 corporate objectives by demonstrating its ‘unparalleled scale and diversification’ after completing the first year of its transformative merger with The Stars Group Inc (TSG). Publishing its 2020 preliminary results, the FTSE100 group doubled its corporate revenues to £4.4 billion (FY2019: £2.1bn) which Flutter stated is a reflection of its successful incorporation of TSG assets …

Read More »

MGM confirms ‘compelling’ proposal for Entain shares

US casino giant MGM Resorts International has confirmed that it has proposed a merger with its US sports betting and igaming partner Entain plc, but has refused to say if a firm offer to acquire the company will follow. It has also been confirmed that the offer consists of 0.6 MGM shares for each Entain share, representing a value of …

Read More »