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☆ FanDuel parent Flutter looks for international growth with big acquisitions in Italy, Brazil
▼ + stars: | 2024-09-17 | by ( Contessa Brewer | ) www.cnbc.com time to read: +3 min

FanDuel parent Flutter Entertainment will spend $2.6 billion, or 2.3 billion euros, to acquire Italian gambling company Snaitech from Playtech , adding to a string of deals that aim to boost international growth. Italy is a particularly attractive market for Flutter, as it had about 21 billion euros in gross gaming revenue in 2023. It also acquired Italian lottery and gaming operator Sisal in 2022, and just reported record online market share in Italy in the second quarter. Flutter said Snai had almost 10% market share in Italy last year and nearly 300,000 monthly active users. The new business will be renamed Flutter Brazil, and the deal is expected to close in the second quarter of 2025.

Persons: Snai, Peter Jackson Organizations: New York Stock Exchange, CNBC, NSX Group, Group, MGM Resorts, Grupo Globo, Global Locations: Playtech, Brazil, —, Italy, Massachusetts, U.S

☆ Online-gambling giants conquer U.S. with tactics deemed too tough for Britain
▼ + stars: | 2024-07-03 | by ( ) www.cnbc.com time to read: +22 min

NYSEIn 2018, British regulators sanctioned the UK arm of online gambling giant Flutter after it failed to catch an astonishing anomaly. The United States is Flutter's largest and fastest-growing market in terms of revenue. Both online sports betting and online casinos have been legal and regulated far longer in Britain than in the United States. But in the United States, Flutter doesn't place such limits on the age group. Around a decade ago, British politicians became concerned about a rise in gambling-linked fraud and suicides involving online VIP customers.

Persons: Peter Jackson, America —, Amit Patel, Patel, Alex King, King, FanDuel, Chris Ratcliffe, haven't, hasn't, Jackson, weren't incentivized, Flutter's FanDuel, Entain, Rob Wood, BetMGM, Paul Tonko, Tonko, Entain's Wood, —, Joe K, Joe, Pavlo Gonchar, Rob Gronkowski, Jamie Foxx, Foxx, Gronkowski, Goldman Sachs, who'd, Betfair, Entain's, Felicia Grondin, Silquia Patel, Eduardo Munoz, Flutter's, Chris Jones, Josh Giaramita Organizations: MGM, New York Stock Exchange, NYSE, Flutter's U.S, Jacksonville Jaguars, Reuters, Fanduel Inc, Bloomberg, Getty, The New York Stock Exchange, NYSE BetMGM, MGM Resorts International, MGM Resorts, New York Democrat, U.S, Lightrocket, Supreme, American Gaming Association, New York, Gaming Commission Locations: America, Edinburgh, Britain, United States, Dublin, U.S, British, BetMGM, New Jersey, States, United Kingdom, Ireland, New York, East Rutherford , New Jersey, FanDuel

☆ This fintech configures expense cards to block misuse — and investors just backed it with millions
▼ + stars: | 2024-06-14 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

CleverCards, a Dublin-based firm, uses a digital platform linked to configurable expense cards to give companies control over how their employees use their corporate payment cards. CleverCards CEO Kealan Lennon says his platform aims to tackle exactly that. Lennon said that CleverCards' funding round stood out in what has been a brutal market for dealmaking and fundraising in fintech. CleverCards will use the fresh funds to expand its business, scale its products and explore broader opportunities, it said. In addition to the fundraise, CleverCards appointed five new non-executive directors to its board with experience in payments technology.

Persons: Robert Half, Kealan Lennon, Lennon, CleverCards, CleverCard, It's, we've, Patrick Waldron, Donal Daly, Marc Frappier, Garry Lyons, Viktoria Otero del Val Organizations: CNBC, eBay, Accenture, Microsoft, Apple, Stripes Locations: Dublin, France, Adyen, Betfair, fintech

☆ Trump or Biden? The Stock Market Doesn’t Care.
▼ + stars: | 2024-04-12 | by ( Jeff Sommer | ) www.nytimes.com time to read: +1 min

The markets assume that former President Donald J. Trump has an even chance of winning the November election. After trailing for months, President Biden has moved slightly ahead of Mr. Trump in the betting on Predictit, the longest-running commercial prediction market in the United States. On Betfair, a robust British prediction market that is officially closed to U.S. residents, Mr. Biden has moved within one percentage point of Mr. Trump. Polymarket, an offshore market that accepts only cryptocurrency, shows Mr. Trump slightly ahead. “The prediction markets right now are telling us that the presidential election is basically a tossup,” said Eric Zitzewitz, a Dartmouth economist.

Persons: Donald J, Trump, Biden, ”, Eric Zitzewitz, “ Organizations: Dartmouth Locations: United States

☆ The CEO of FanDuel's owner Flutter explains how its US stock debut could boost its edge over rivals like DraftKings and why it thinks of itself as a media business
▼ + stars: | 2024-01-31 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "It's a great opportunity to bring the world's leading sports betting and gaming business to the world's leading capital market." AdvertisementJackson said he believes the US listing will help the company win media attention and new investors. DraftKings narrowly edged out in August FanDuel's market-share lead in the broader online gambling space that includes casino-style games, per EKG. "FanDuel is undoubtedly a media business," Jackson said.

Persons: —, Peter Jackson, Jackson, Paddy Power, it's, DraftKings, FanDuel, Pat McAfee, Charles Gillespie, Chad Beynon, Beynon Organizations: Service, New York Stock Exchange, Wall, Business, PokerStars, London Stock Exchange, Krejcik, Penn, ESPN Bet, Media, TVG, Gambling.com Group, Macquarie, Wall Street, Rush Street Interactive, Caesars Entertainment, Genius Sports, Research, Jefferies Locations: New York, London, Europe, Sportsbet, Australia, America, Sands

☆ The inside story of how FanDuel upended US sports betting with the same-game parlay and used it to dominate the market
▼ + stars: | 2023-11-07 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +11 min

The daily-fantasy-sports company, which European gambling giant Flutter Entertainment had acquired, was racing to introduce its "same-game parlay" to the US. The same-game parlay, a phrase FanDuel coined, has since caught fire, meshing well with the high-scoring, stat-driven, athlete-personality focus of US sports — and propelled FanDuel to the forefront of the betting market. "The same-game parlay was the right product in the right market at exactly the right time." Every sports-betting operator, from DraftKings to newcomer Fanatics, now has or is building its version of the same-game parlay. After the NBA resumed play in July 2020, the same-game parlay grew from 5% to 10% of FanDuel's bets, Farren said.

Persons: FanDuel, Scott Longley, parlay, Conor Farren, FanDuel's, DraftKings, Entain, parlays, Longley, would've, John Maguire, Maguire, isn't, LeBron James, Jalen Rose, Sportsbet, Paddy Power Betfair, Farren, It's, Ben Hider, Penn Organizations: NFL, Krejcik, Houston Rockets, Los Angeles Lakers, Australian Football League, Australian rugby, NBA, ESPN Bet, FanDuel, Industry Locations: DraftKings, Melbourne, Australia, England, FanDuel

☆ Flutter's US bet drives first half profit 76% higher
▼ + stars: | 2023-08-09 | by ( Padraic Halpin | ) www.reuters.com time to read: +2 min

The Dublin-based company said this made it the first online betting operator to turn a profit in the U.S and it did so six months ahead of schedule. Analysts at JPMorgan also noted a more cautious outlook on Australia, where Flutter's first half revenues fell by 1%. The U.S. profits contributed to reported EBITDA of 765 million pounds across the group, versus the 731 million pounds forecast by eight analyst polled by Refinitiv. Flutter and broadcaster Fox Corporation (FOXA.O) said last month it would close the FOX Bet sports betting platform. That would eclipse the record full year earnings of 1.4 billion pounds Flutter posted during the COVID-19 online betting boom of 2020.

Persons: Dado Ruvic, Jefferies, Paddy Power, Padraic Halpin, Louise Heavens, Barbara Lewis Organizations: REUTERS, JPMorgan, PokerStars, Ireland, Refinitiv, FOX Bet, Fox Corporation, Thomson Locations: Dublin, U.S, Australia

☆ Flutter Q1 revenues jump 29% as U.S. races ahead, UK bounces back
▼ + stars: | 2023-05-03 | by ( Padraic Halpin | ) www.reuters.com time to read: +2 min

Led by its Fanduel brand, Flutter maintained its leading 50% share of the U.S. sports betting market after revenue jumped 92% year-on-year on a constant currency basis. UKI revenue had fallen sharply in the same period last year, partly due to the impact of measures to curb gambling addiction. Chief Executive Peter Jackson put about half the growth down to product improvements and said competitors belatedly adopting safer gambling measures may also have helped Flutter outperform the market, which he estimated was flat year-on-year. Revenue also rose 69% on a constant currency basis in its international division, where Flutter said the recently acquired Italian gaming operator Sisal performed exceptionally well. The Dublin-based firm forecast in November that Fanduel's revenue would jump to around $15 billion over the long term - twice Flutter's entire revenue last year.

☆ Flutter welcomes new UK gambling laws as 'significant moment' for sector
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +1 min

DUBLIN, April 27 (Reuters) - Flutter , the world's largest online betting company, said it welcomed the planned publication on Thursday of long-awaited British government proposals to crack down on problem gambling. "We welcome the publication of the White Paper, which marks a significant moment for the UK gambling sector. Whilst we will need to review the detail of the proposals once published, we believe proactive change will lead to a better future for our industry," Chief Executive Peter Jackson said in a statement. Jackson added that the Paddy Power, Betfair and Sky Bet owner had already introduced "industry-leading" safer gambling controls, including mandatory deposit limits for customers under 25, reducing online slots staking limits to 10 pounds per spin and investing in safer gambling operational capabilities. Reporting by Padraic Halpin; editing by Sarah YoungOur Standards: The Thomson Reuters Trust Principles.

LONDON, April 27 (Reuters) - Britain on Thursday set out long-awaited plans to crack down on problem gambling as it aims to bring regulations up to date with a rise in betting online and on smartphones. The reforms would give extra powers to gambling regulators to take down illegal betting sites and tackle unauthorised operators. Campaign group Charity Gambling with Lives, which supports families bereaved by gambling-related suicide, welcomed the changes but said they did not go far enough. It had called for an end to all gambling advertising and affordability checks at 100 pounds of monthly losses. Habits have changed significantly since then, with an exponential rise in online betting.

☆ FanDuel parent Flutter considers listing on U.S. exchange after record Super Bowl
▼ + stars: | 2023-02-14 | by ( Contessa Brewer | ) www.cnbc.com time to read: +1 min

In this photo illustration the FanDuel logo of a sports betting company is seen on a smartphone. FanDuel parent Flutter Entertainment said Tuesday it is considering listing on a U.S. stock exchange. FanDuel is the nation's sports betting market leader and is on track for full-year profitability in 2023, according to the company. Jefferies analysts said it would command a premium, "as market leader in the larger global online gambling market." Flutter said an additional listing in the U.S. would elevate its brand and help the company attract and retain talent.

☆ England's subs can be key against France, says Hoddle
▼ + stars: | 2022-12-09 | by ( ) www.reuters.com time to read: +3 min

LONDON, Dec 9 (Reuters) - England's depth on the substitutes bench could tip the balance in their favour in Saturday's World Cup quarter-final against France, according to former manager Glenn Hoddle. But Hoddle, who led England at the France 1998 tournament, says England's ability to make attacking changes when things get tight could be the key to the outcome. It could be a game that England have to come back into, which is something they've not experienced yet. While England's depth is underlined by the fact that they have had eight different scorers so far, France possess arguably the greatest match-winner in Kylian Mbappe. "They've got the most outstanding player of the tournament in Kylian Mbappe, and England are going to have to stop him."

☆ Sports betting salaries: Pay data reveal how much DraftKings, FanDuel, and other companies offer employees for tech and other jobs
▼ + stars: | 2022-10-18 | by ( Colin Salao | Ashley Rodriguez | ) www.businessinsider.com time to read: +10 min

The data are limited to base salaries and US-based jobs for visa-seeking employees. Still, sports betting is as much about sports as it is gambling and tech — growing industries known for high-paying jobs. The data included five US sports betting companies: BetMGM, DraftKings, FanDuel, Penn Interactive, and Rush Street Interactive. It included salaries for jobs such as a data engineer at DraftKings that would make $97,000 per year or more and a sports trading senior manager at FanDuel that would earn $130,000. A FanDuel software engineer based in New York would make $128,440, which is in the range of what TikTok has offered software engineers, the data shows.

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☆ A new sports-betting app that lets gamblers trade bets like stocks is launching, as startups race to build the Robinhood of wagering
▼ + stars: | 2022-09-15 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +6 min

Its app, which lets users to trade sports bets like they would stocks, launches in New Jersey Thursday. On Thursday, its new app that allows users to trade sports bets like they would stocks goes live in New Jersey. Sporttrade, which Insider trialed in its beta version this week, looks more like a trading app than a sportsbook. In the US, there are now various peer-to-peer exchanges from BettorEdge to Prophet that let users bet against each other instead of playing against the house. It's also hoping to build on that with word of mouth as people start to experience the app firsthand.

☆ DOC/ Cum (nu) este pedepsită corupția din fotbalul moldovenesc
▼ + stars: | 2021-01-19 | by ( ) www.zdg.md time to read: +12 min

Nu este pentru prima dată când organele de drept inițiază cauze penale în care investighează corupția și meciurile trucate din fotbalul moldovenesc. Dacia Chișinău era patronată de Adlan ȘișhanovÎn urma raportului analitic recepționat de la reprezentanții oficiali ai UEFA, se stabilise manipularea rezultatelor sportive de către Dacia Chișinău și formația „KS Teuta” din Albania. „Dosarul a fost clasat în partea ce ține de spălarea de bani, dar a fost disjungat în privința a doi cetățeni ai Georgiei, care în prezent sunt în căutare”, a precizat Angela Starinschi, purtătoarea de cuvânt a CNA. Corupția din fotbalul feminin, anihilată cu închisoare cu suspendareÎn 2013, corupția din fotbal atingea și fotbalul feminin. CA Chișinău a lăsat în vigoare sentința primei instanțe, astfel fiind pus punct unui alt dosar de corupție din fotbalul moldovenesc.

Persons: ZdG, CNA ., Igor Dobrovolski, Polonkoev, Evgheni Matiughin, Denis Ilescu, Titani, Angela, Moldovei ., Ivan Testemițanu ., Sergiu Lazări, Ambii, Sergiu, Eugen Balan, Serghei Besedin, Vasile Mungiu . Mungiu, Alina, Vodă, Mungiu, Alina Stetenco, Ion Testemițanu, Ulterior Organizations: Anticorupție, CNA, Divizia Națională, Perchezițiile, UEFA, UE, fotbal Dacia, Diviziei Naționale, Dacia, Europa League, FC, Federația Moldovenească, Fotbal, KS Teuta, Dacia Chișinău, Dinamo -, tineret, Federației Moldovenești, Campionatului Europei U17, CA Locations: Moldova, Asia, Dacia Chișinău, Albania, Europa, Rustam, rus, Federația Rusă, Federația, Dacia, Singapore, Orhei, Georgiei, Republicii Singapore, Phua, Moldovei, Federației, Fotbal, Belgiei, belgieni, Chișinău, CA, CA Chișinău, U17, SUA, ., Letoniei, Anenii Noi

☆ СМИ: бывший банкир может выиграть $14 млн, если Дональд Трамп останется президентом США
▼ + stars: | 2020-11-03 | by ( Publika.Md - Aici Sunt Știrile | ) ru.publika.md time to read: 1 min

Неизвестный британский предприниматель поставил $5 млн на победу Дональда Трампа на президентских выборах в США. По данным издания, бывший банкир анонимно сделал крупную ставку с коэффициентом 2,85 в одной из букмекерских контор, зарегистрированной на острове Кюрасао в Карибском море. В случае успеха действующего президента США выигрыш составит $14,2 млн, передает ТАСС. Сделать ставку на его победу можно с коэффициентом 1,4, то есть в случае его прихода в Белый дом можно увеличить заложенный бюджет на 40%. Как информировали в британской букмекерской конторе Betfair, неизвестный клиент в Соединенном Королевстве поставил на победу Байдена $1,29 млн.

Persons: Дональд Трамп, Джозеф Байден, Байден Organizations: ТАСС, Демократическая партия Locations: США, Кюрасао, Карибское море, Белый дом, Соединенное Королевство

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