FanDuel parent Flutter Entertainment (FLUT) said Tuesday that it has agreed to a deal to acquire Snaitech, one of Italy's largest online gambling platforms.
Flutter Entertainment has reached an agreement to acquire Playtech subsidiary Snaitech, in what will see the Irish company become Italy's largest gambling business
DUBLIN, IRELAND AND TORONTO, ON / ACCESSWIRE / September 13, 2024 / Flutter Entertainment plc ("Flutter") (NYSE:FLUT)(LSE:FLTR), the leading online sports betting and iGaming operator, today announced that it will host an Investor Day event on Wednesday, September 25, 2024 at 13:00 ET (18:00 BST). This hybrid event will take place at Cipriani, 25 Broadway, New York, and will feature a presentation by management showcasing the future growth potential for the Flutter Group and the capital allocation opportunities that will unlock.
Irish betting giant Flutter Entertainment said on Friday it will buy a 56% stake in NSX Group, the operator of Brazilian gaming group Betnacional for about $350 million.
FanDuel Parent Flutter Entertainment is IBD Stock Of The Day, flashing a buy signal as investors cheer the start of the NFL season.
Flutter: This NFL Season Has Big Gifts For Sports Betting Sites
FLUT, GCO, OPRA, SUPV and HCA have been added to the Zacks Rank #1 (Strong Buy) List on August 30, 2024.
Flutter Entertainment (NYSE: FLUT ) stock is on the rise Wednesday after the sports betting and gaming company announced its latest earnings results. The good news for FLUT stock starts with its adjusted earnings per share of $2.61.
Shares of FanDuel parent Flutter Entertainment (FLUT) surged Wednesday, a day after it reported better-than-expected second-quarter earnings and lifted its full-year revenue outlook.
Betting firm Flutter Entertainment is in talks to buy Snaitech, one of Italy's largest gambling companies, from UK's Playtech in a deal which could be worth 2 billion pounds ($2.57 billion), Sky News reported on Wednesday.
Flutter Entertainment plc (NYSE:FLUT ) Q2 2024 Earnings Conference Call August 13, 2024 4:30 PM ET Company Participants Paul Tymms - Investor Relations Peter Jackson - Chief Executive Officer Rob Coldrake - Chief Financial Officer Conference Call Participants Clark Lempen - BTIG Jordan Bender - Citizens JMP Ed Young - Morgan Stanley Ryan Sigdahl - Craig-Hallum Capital Group James Rowland Clark - Barclays Dan Politzer - Wells Fargo Paul Ruddy - Davy Joe Stauff - Susquehanna Monique Pollard - Citi Robert Fishman - MoffettNathanson Jed Kelly - Oppenheimer Simon Davies - Deutsche Bank Andrew Tam - Redburn Atlantic Robin Farley - UBS James Wheatcroft - Jefferies Operator Good afternoon and welcome to the Flutter Q2 Results Call hosted by CEO, Peter Jackson; and CFO, Rob Coldrake. There will be a chance to ask questions later, but I will now hand the call over to Paul Tymms, Group Director of Investor Relations.
The FanDuel parent's recent move to New York reflects the growing importance of the U.S. market, CEO Peter Jackson said.