Summary
FLUT Chart
Scandals aren't slowing America's sports-betting boom. But they've led some prop bets to shrink to a maximum win of just $200.
The NBA, MLB and NFL have all worked with betting companies to put restrictions on prop bets — wagers placed on a specific statistic within a game
Flutter: Don't bet against this online gambling giant
Flutter Entertainment PLC's (LSE:FLTR, NYSE:FLUT) shares took a battering after the bookmaker reset its profit guidance for next year, catching investors off guard with a roughly 10% downgrade at the earnings level. But JP Morgan reckons the market has overreacted.
Flutter trims its sails, prompting bank to resets expectations
Flutter Entertainment PLC's (LSE:FLTR, NYSE:FLUT) latest quarter has prompted a tidy round of number-crunching at Citi, and the conclusion is that the near-term picture has lost a little of its shine. The broker has cut earnings and revenue forecasts after the group's third-quarter results fell short, and after management warned that unhelpful sports outcomes in the fourth quarter would dent both its US and international operations.
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Flutter Entertainment plc Profile
| Hotel & Resort REITs Industry | Real Estate Sector | Jeremy Peter Jackson CEO | NYSE Exchange | IE00BWT6H894 ISIN |
| IE Country | 27,345 Employees | - Last Dividend | 10 Dec 2015 Last Split | - IPO Date |
Overview
Flutter Entertainment plc is a prominent player in the sports betting and gaming industry, operating extensively across various international markets including the United Kingdom, Ireland, Australia, the United States, Italy, among others. The company, which has gone through a name change from Paddy Power Betfair plc to Flutter Entertainment plc in 2019, showcases a rich history since its inception in 1958. Flutter Entertainment is structured into four key segments: UK & Ireland, Australia, International, and US, reflecting its broad geographical footprint and diverse market focus. Headquartered in Dublin, Ireland, the company has grown to offer a wide array of betting, gaming, and entertainment products and services under several renowned brands, catering to a vast customer base worldwide.
Products and Services
The portfolio of Flutter Entertainment plc spans a comprehensive range of sports betting, gaming, and related services, detailed as follows:
- Sports Betting & iGaming: Offers a wide variety of sports betting options across different markets, including daily fantasy sports, online racing wagering, and TV broadcasting products. It encompasses traditional sportsbooks as well as exchange sports betting, catering to diverse betting preferences.
- Online Poker, Casino, and Rummy: Provides customers with engaging online gaming experiences, including poker, casino games, and rummy, satisfying various tastes in card games and casino entertainment.
- Online Sports Betting: Delivers a comprehensive online platform for sports betting enthusiasts, enabling bets across a multitude of sports events internationally.
- Brands and Websites: The company operates multiple leading websites under various brands including FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Sisal, tombola, Betfair, MaxBet, TVG, Stardust, Junglee Games, and Adjarabet. These brands cover a broad spectrum of betting and gaming services, ensuring Flutter Entertainment’s strong presence in the digital landscape.
- Live Poker Tours and Events: Apart from digital offerings, Flutter Entertainment also organizes live poker tours and events under its PokerStars brand, providing a platform for poker enthusiasts to engage in competitive tournaments.
Contact Information
