Tag Archives: Peter Jackson

Flutter Entertainment has reported difficult first-half trading, as the FTSE100 betting group widened its year-on-year operating losses to £112m (H12021: £86m). Publishing its H1 2022 interim results, Flutter stated that earnings and profit reflected a period of known regulatory and macroeconomic challenges, highlighted by leadership at the start of the year. Period trading saw the group continue to register headline …

Peter Jackson, Group CEO of Flutter Entertainment Plc described 2021 results as a ‘tale of two halves” for the FTSE100 betting group’s UK&IRE brands.   Matched against COVID-influenced record wagering Q4 2020 comparatives, Jackson admitted that the group’s flagship UK&IRE business had somewhat lost its trading momentum. UK&IRE teams “saw a very material swing in sports results year-on-year. The swing from …

Flutter Entertainment Plc maintains confidence in expanding its leadership position across  all global markets, despite declaring full-year operating losses of £288 million.   The FTSE100 betting group detailed that its full year group revenue increased by 37% to £6.04 billion (2020: £4.4bn), although group EBITDA declined by 6% to £723 million from the previous year’s figure of £772 million.  In particular, …

Flutter Entertainment has tasked itself with achieving three core objectives by 2030 in pursuit of its new sustainability strategy, dubbed the ‘Positive Impact Plan’. The FTSE100 gambling group intends to build on its previous achievements in sustainability and target areas where it can maximise its positive impact, in particular leveraging its ‘global scale’ to support local initiatives that provide impact …

The UK Gambling Commission (UKGC) has issued a statement to dismiss reports claiming that Camelot Group is its ‘preferred bidder’ to win the Fourth National Lottery Licence Competition. The response was issued in light of an article published yesterday by The Daily Telegraph title “Camelot hits National Lottery jackpot” – that claimed the commission had recommended to PM Boris Johnson that …

Flutter Entertainment Plc has this morning announced that it has secured definitive terms to acquire Italian gambling group Sisal for a consideration of €1.9 billion (£1.62bn). An agreement has been reached with US private equity fund CVC Capital – the current owner of SIsal – which will see the Italian market leader in online and lottery verticals transferred to Flutter’s …

Flutter Entertainment has entered into an agreement with Brazilian multinational mass media corporation Grupo Global, providing the company with daily fantasy sports (DFS) via its FanDuel subsidiary. The multi-year agreement will see Grupo Global’s Cartola FC brand receive DFS services from FanDuel, with the main focus of the deal revolving around the launch of Cartola Express, a paid DFS platform. …

Flutter Entertainment Plc continues to underline its operating efficiency to help match its global scale demands and strengthen its brand portfolio’s leading position across multiple markets.  Posting its Q3 trading update, The FTSE100 betting group registered corporate revenues of £1.43 billion up 9% on corresponding 2020 results of £1.32 billion.  Topline growth was attributed to Flutter maintaining a double-digit increase …

Flutter Entertainment Plc has confirmed the promotion of Amy Howe as Chief Executive of its flagship US subsidiary, FanDuel. Having previously served as the Global COO of Ticketmaster, Howe joined FanDuel in February 2021 as President where she was charged with leading the company’s commercial strategy across all core business segments and products. The appointment sees Flutter complete its three-month …

Flutter Entertainment Plc has underlined the scale, efficiency and product excellence of its global brand portfolio that has registered a 40% increase in active monthly players (AMPs) to 7.6 million.   Publishing its H1 2021 interim results (period ending 30 June), the firm recorded group pro-forma revenues of £3 billion, up 30% on corresponding H1 2020 results of £2.4 billion.  Headline …