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Top related persons:
Paddy Power - 2 — - 1 Peter Jackson - 1 Jackson - 1 it's - 1 DraftKings - 1 FanDuel - 1 Pat McAfee - 1
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PokerStars - 3 New York Stock Exchange - 2 Thomson - 2 Service - 1 Wall - 1 Business - 1 London Stock Exchange - 1 Krejcik - 1

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5 mentions found


☆ 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
☆ Viva Las Vegas, Formula One betting big on Sin City race
  + stars: | 2023-11-15 | by ( Steve Keating | ) www.reuters.com   time to read: +5 min
Wynn resort is offering the first-ever Las Vegas Grand Prix Million Dollar All-Access Experience that includes a $100,000 philanthropic gift. "However, the brand synergies with the inaugural Las Vegas Grand Prix are unmatched." Formula One has long been a magnet for the celebrity class and Las Vegas is sure to be an irresistible pull. Las Vegas may be the gambling capital of the world but there will be little bet on F1. "I would say this is due to lack of parity," Derek Stevens, owner of Circa and several other Las Vegas casinos told Reuters.
Persons: Max Verstappen, Greg Maffei, Red Bull, Aston Martin, Hilton, Red, it’s, Rebecca McAdam Willetts, Mark Wang, David Beckham, Shaquille O’Neal, Mark Wahlberg, Gordon Ramsay, Toto Wolff, Derek Stevens, Steve Keating, Toby Davis Organizations: LAS VEGAS, Las Vegas, Liberty Media, Formula One, Vegas, Ferrari, Mercedes, McLaren, Red Bull, PokerStars, Public Relations, Reuters, Poker, New York Stock Exchange, American Express, Heineken, Hilton, MGM Resorts International, Fountain Club, Hilton Grand, Club SI, Drai's Beach Club, Thomson Locations: Vegas, United States, Sin City, VVIPs, Las Vegas, Monaco, Drai's, Toronto
☆ 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
☆ PokerStars Owner Enters $4 Million Settlement With U.S. Over Russia Payments
  + stars: | 2023-03-06 | by ( Richard Vanderford | ) www.wsj.com   time to read: +2 min
The owner of PokerStars and other popular gambling brands will pay $4 million to settle U.S. allegations that the handling of payments to Russia-based consultants violated foreign bribery law. Flutter Entertainment PLC, the Dublin-based owner of FanDuel, Paddy Power and other brands, entered into a settlement with the U.S. Securities and Exchange Commission over alleged violations by PokerStars’ previous owner, the Stars Group. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. PREVIEWThe SEC, which announced the settlement Monday, said the Stars Group paid about $8.9 million to Russia-based consultants as it pushed for the legalization of poker in that country. “This is a legacy issue, related to a period prior to Flutter’s ownership of the Stars Group,” a spokesman said.
☆ Pro poker player rants at airline over lost luggage during live broadcast — and says he still can see it pinging at the airport
  + stars: | 2023-02-05 | by ( Aidan Pollard | ) www.businessinsider.com   time to read: +3 min
Steve O'Dwyer griped on Twitter and during a live broadcast that Lufthansa airlines lost his luggage. He told CNN he tracked the bags with an AirTag, which indicated they were at Heathrow, but he still hasn't gotten them back. The pro player took to Twitter to share other airline customers' accounts of mishandled luggage. Following the tournament, O'Dwyer recounted to CNN his journey from Ireland to the Bahamas with a connecting flight at Heathrow Airport. After O'Dwyer bashed Lufthansa during the tournament broadcast, he continued to tweet at the airline and some of its employees.
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